Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614631
Bank Name:ASREC (India) Ltd.
Branch Name:Reg. Office - Mumbai
Reserve Price:₹1,60,00,000
EMD:₹16,00,000
Bid Increment:₹1,00,000
Auction Time:10.00 A.M TO 12.00 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
This is a residential flat located in the prime area of Vile Parle, Mumbai, Maharashtra. The property is being auctioned by ASREC (India) Ltd. under the SARFAESI Act. It presents a great opportunity for individuals or investors looking to acquire a property in one of Mumbai's sought-after locations. The flat is categorized as residential, making it suitable for personal use or rental purposes. Vile Parle offers excellent connectivity and access to various amenities, including schools, hospitals, shopping centers, and entertainment hubs.
State:Maharashtra
City:Mumbai
Area:Vile Parle
Asset Category:Residential
Full Address:901, Adobe Height, Adobe Height, Shraddhanand Road, Vile Parle (East), Mumbai-400 057, Vile Parle (East), Mumbai
Building/Society:Adobe Height
Size:906 sq. ft.
Auction Description
ASREC (India) Ltd. is conducting a SARFAESI auction for a residential flat in Vile Parle, Mumbai. The auction will commence on November 18, 2025, at 10:00 AM and conclude at 12:00 PM on the same day. The reserve price for this property is INR 1.6 Crores, with an Earnest Money Deposit (EMD) of INR 16 Lakhs required to participate. This is a sealed bid auction. Prospective bidders are advised to conduct their due diligence regarding the property's legal status and condition prior to the auction. The auction is being held to recover the outstanding dues from the borrower, M/s Dhruv Enterprises.
Borrower Name:M/s Dhruv Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:M/s Shubham Enterprises, Mr. Shubhang Dilip Dhruv, Mr. Dilip Amrullal Dhruv, Mrs. Varsha Dilip Dhruv, Ms. Siddhi Dilip Dhruv, Mr. Jayesh Rajnikant Sanghani, Mrs. Shweta Shubhang Dhruv, Mr. Dilip Amrutlal Dhruv, Mrs. Raksha H. Parekh, Mrs. Bina V. Shrimankar, Mrs. Nita R. Parekh
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
This flat in Vile Parle presents a solid investment due to its desirable location and manageable size. The reserve price is reasonable for the area, and the auction terms are standard, making it a worthwhile opportunity for potential buyers looking for residential properties in Mumbai.
Contact Details
Branch:Branch Office : Reg. Office - Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Vikas Kanade
Contact no:9324237224
