Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611087
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE : RECOVERY DEPT : MUMBAI
Reserve Price:₹20,75,000
EMD:₹2,07,500
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Vasai, Palghar, Maharashtra. The property is being auctioned by Indian Bank as part of a SARFAESI auction. It represents an opportunity to acquire a residential asset in a well-known area.
State:Maharashtra
City:Palghar
Area:Vasai
Asset Category:Residential
Full Address:401, Sai SWAPNA Apartment No. 2, Residential Flat No. 401, 4th Floor, Wing b Sai SWAPNA Apartment No. 2, near by Manvel Pada, Datta Mandir, Virar East, Palghar 401305, situated at surevy No. 175, Hissa No. 1, Village Virar Tal Vasai, Dist, Virar East, Palghar
Building/Society:Sai SWAPNA Apartment No. 2
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Vasai, Palghar, Maharashtra. The auction is scheduled for November 19, 2025, with bidding open from 10:00 AM to 4:00 PM. The reserve price for this auction is ₹20,75,000, and the EMD (Earnest Money Deposit) required is ₹2,07,500. This is an opportunity to purchase the property from the borrower, Mr. Yogesh Arjun Sawant.
Borrower Name:Mr. Yogesh Arjun Sawant
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Shamika Y Sawant
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing locality with a reasonable reserve price. While the location offers potential, further due diligence is advised due to the auction terms and market conditions. It represents a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : ZONAL OFFICE : RECOVERY DEPT : MUMBAI
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
