Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611038
Bank Name:Union Bank of India
Branch Name:Regional Office, Mumbal (South)
Reserve Price:₹11,01,600
EMD:₹1,10,160
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a residential flat located in Kalyan, Thane, Maharashtra. It is being auctioned by Union Bank of India under SARFAESI regulations. The property is offered at a reserve price of 1101600.0 with an Earnest Money Deposit (EMD) of 110160.0. This presents an opportunity to acquire a flat in a key area of Thane.
State:Maharashtra
City:Thane
Area:Kalyan
Asset Category:Residential
Full Address:8, Shree Saibaba Co-op Housing Society, Flat Number 8, Ground Floor, Wing B, Shree Saibaba Co-op Housing Society, Near Old Matoshree School, Sunita Colony, Vijay Nagar, Village Tisgaon, Kalyan East, Vijay Nagar, Kalyan
Building/Society:Shree Saibaba Co-op Housing Society
Size:355 sq.ft.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Kalyan, Thane, Maharashtra. The auction will commence on November 14, 2025, at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price is set at 1101600.0, with an EMD of 110160.0 required to participate. This is a liquidation auction for a property mortgaged by Mr. Adhik Ramchandra Desai.
Borrower Name:Mr. Adhik Ramchandra Desai
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Nitabai Adhik Desai
Legal Details
Possession Status:Not Known
Encumbrance Details:Not Known
Why This Property
The property presents a decent opportunity due to its relatively affordable reserve price and residential nature. However, the 'Not Known' status for possession and encumbrance introduces risk, requiring careful due diligence. The location in Kalyan adds to its investment appeal, but potential buyers should thoroughly investigate the legal aspects before bidding.
Contact Details
Branch:Branch Office : Regional Office, Mumbal (South)
Service Provider:BAANKNET
Contact Details:
Mr. Dwarika Prasad
Contact no:8130994660
