Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611910
Bank Name:State Bank of India
Branch Name:Thane
Reserve Price:₹24,40,000
EMD:₹2,44,000
Bid Increment:₹10,000
Auction Time:12:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-18
Property Description
This is a residential flat located in Vasai, Palghar, Maharashtra, being auctioned by the State Bank of India. The property is part of a SARFAESI auction process.
State:Maharashtra
City:Palghar
Area:Vasai
Asset Category:Residential
Full Address:201, Evershine Avenue, A Wing Avenue A-3 (A) Building Name Evershine Avenue Village Dongare Known as Village Narangi Virar (West) Vasai, Virar (West), Palghar
Building/Society:Evershine Avenue
Size:436 sq ft
Auction Description
The State Bank of India is conducting an online SARFAESI auction for a residential flat in Vasai, Palghar, Maharashtra. The auction will take place on November 18, 2025, from 11:00 AM to 4:00 PM. The reserve price is ₹24,40,000, with an EMD of ₹2,44,000 required to participate.
Borrower Name:Sushant Anand Otari
Auction Type:SARFAESI Auction
Guarantor Names:Shraddha Sushant Otari
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a relatively affordable 1BHK flat in Vasai, a developing suburban area of Mumbai. While the reserve price is attractive, potential buyers should carefully assess the property's condition and local market dynamics. The calculated risk makes it a 'Calculated Opportunity' for those seeking budget-friendly housing.
Contact Details
Branch:Branch Office : Thane
Service Provider:BAANKNET
Contact Details:
Sunny Agarwal
Contact no:8269901247
