Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612045
Bank Name:Bank of Maharashtra
Branch Name:MUMBAI NORTH ZONAL OFFICE
Reserve Price:₹13,10,000
EMD:₹1,31,000
Bid Increment:₹1,00,000
Auction Time:11:00 a.m. to 3:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
This is a residential flat located in Mumbai City, Mumbai, Maharashtra. The property is being auctioned by the Bank of Maharashtra as part of a SARFAESI action against borrower Ramchabilla Panchal Singh. This is a great opportunity to acquire a property in a prime urban location.
State:Maharashtra
City:Mumbai
Area:Mumbai City
Asset Category:Residential
Full Address:203, Janardhan Apartment, Flat No.203, B Wing, 2nd Floor, Janardhan Apartment, A/B-Tulinj Road, Tulinj, Nalasopara East, Palghar-401209, Tulinj, Mumbai
Building/Society:Janardhan Apartment
Auction Description
The Bank of Maharashtra is holding a SARFAESI auction for a residential flat in Mumbai City, Mumbai. The auction will take place on November 14, 2025, starting at 11:00 AM and ending at 03:00 PM. The reserve price for this auction is ₹13,10,000, with an Earnest Money Deposit (EMD) of ₹1,31,000 required to participate. Interested bidders should ensure they are prepared to meet the financial requirements and terms of the SARFAESI auction.
Borrower Name:Ramchabilla Panchal Singh
Auction Type:SARFAESI Auction
Guarantor Names:Ramchabilla Panchal Singh
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known
Why This Property
The property, a flat in Nalasopara East, presents a calculated opportunity due to its relatively lower reserve price and potential for appreciation. However, the 'Not Known' encumbrance details require further due diligence. The location is decent, making it a worthwhile investment for those seeking affordable housing options.
Contact Details
Branch:Branch Office : MUMBAI NORTH ZONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Suman Kumar Jha
Contact no:8530253773
