Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614629
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 AM 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. Ideal for investment or personal use in one of Mumbai's sought-after localities.
State:Maharashtra
City:Mumbai
Area:Vile Parle
Asset Category:Residential
Full Address:601, Adobe Heights, Flat No.601, Adobe Heights, Shraddhanand Road, Vile Parle (East), Mumbai-400 057, Vile Parle, Mumbai
Building/Society:Adobe Heights
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 take place on November 18, 2025, from 10:00 AM to 12:00 PM. The reserve price for this property is ₹1,60,00,000, with an Earnest Money Deposit (EMD) of ₹16,00,000 required. This is a significant opportunity to acquire a property in a well-connected Mumbai neighborhood.
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 Dillip 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
Located in Vile Parle, Mumbai, this 906 sq. ft. flat represents a solid investment opportunity. The property's attractive location and reasonable reserve price, combined with clear auction terms, make it a worthwhile consideration for potential buyers. Given the Mumbai market, this property is a strong buy.
Contact Details
Branch:Branch Office : Reg. Office - Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Vikas Kanade
Contact no:9324237224
