Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612684
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹5,44,00,000
EMD:₹54,40,000
Auction Time:12:00 pm to 1:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A residential flat located in the prime Mumbai City area, Maharashtra. This property is being auctioned by Canara Bank under the SARFAESI Act. It presents an excellent opportunity for investment or personal residence in one of India's most sought-after urban centers. The property is offered as part of a bank auction, providing a potentially competitive bidding environment.
State:Maharashtra
City:Mumbai
Area:Mumbai City
Asset Category:Residential
Full Address:Flat No. 901 & 1001, Air View CHS Ltd, Manda Patkar Road, Vile Parle (East), Mumbai 400057, Vile Parle (East), Mumbai
Building/Society:Air View CHS Ltd
Size:138.93 sqmtr
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Mumbai City, Maharashtra. The auction will take place on November 25, 2025, from 12:00 PM to 01:00 PM. The reserve price for this property is ₹5,44,00,000, with an Earnest Money Deposit (EMD) of ₹54,40,000 required to participate. This is a unique chance to acquire a property in Mumbai through a transparent bank auction process.
Borrower Name:M/s.Mantras Green Resources Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Umesh Kumar Sharma, Mrs Kiran Umesh Sharma, Mrs. Krishta Prashant Kirve
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Vile Parle East, Mumbai, this flat presents a favorable investment. While a flat, the location and symbolic possession offer potential value. The reserve price, although high, may represent a market value opportunity.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
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