Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610935
Bank Name:Central Bank of India
Branch Name:Nariman Point Mumbai
Reserve Price:₹22,70,000
EMD:₹2,27,000
Bid Increment:₹20,000
Auction Time:10:00 AM to 6:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-05
Bid Start Date:2025-12-05
Property Description
This is a residential flat located in Vasai, Palghar, Maharashtra. The property is being auctioned by the Central Bank of India under SARFAESI Act. It presents a valuable opportunity for prospective buyers in a well-established area.
State:Maharashtra
City:Palghar
Area:Vasai
Asset Category:Residential
Full Address:407, Sai Swapna Apartment No 2, Flat No. 407, 4th Floor B Wing Sai Swapna Apartment No 2 Village- Virar, Virar (East) Taluka Vasai, Virar, Palghar
Building/Society:Sai Swapna Apartment No 2
Size:371.71 Sq. Ft
Auction Description
Central Bank of India is conducting a SARFAESI auction for a residential flat in Vasai, Palghar, Maharashtra. The auction will take place on 05-12-2025, starting at 10:00 AM and concluding at 06:00 PM. The reserve price for this auction is ₹22,70,000, with an Earnest Money Deposit (EMD) of ₹2,27,000. This is a prime opportunity to acquire a property through a transparent banking auction process.
Borrower Name:Mr. Aachal Kumar SawantRao
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Uma Aachal Sawantrao, Mr. Vikash Pateria
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a residential flat in Vasai at a relatively affordable price point through bank auction. While the location is decent, potential buyers should assess the Virar area market and verify all legal aspects before bidding. The lower reserve price compared to other properties could make it a worthwhile investment for the right buyer.
Contact Details
Branch:Branch Office : Nariman Point Mumbai
Service Provider:BAANKNET
Contact Details:
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