Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612016
Bank Name:Bank of India
Branch Name:Specialised Asset Recovery Management Branch
Reserve Price:₹24,49,000
EMD:₹2,44,900
Bid Increment:₹25,000
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
This is a bank auction of a godown property located in Bhiwandi, Thane, Maharashtra, offered by the Bank of India. The property is categorized as industrial asset. The borrower for this property is M/s. Rashmi Steels. This is a SARFAESI auction.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Industrials
Full Address:H-16, Madhusudan Compound, Godown No. H-16, Ground Floor, Madhusudan Compound, Survey No. 262/0, 257/2, 264 of Village Anjur, Tal. Bhiwandi, Dist-Thane-421302, Anjur, Bhiwandi
Building/Society:Madhusudan Compound
Size:1601 Sq. Ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a godown property in Bhiwandi, Thane, Maharashtra. The reserve price for this industrial asset is INR 24,49,000, with an Earnest Money Deposit (EMD) of INR 2,44,900. The auction will take place on November 18, 2025, starting at 11:00 AM and concluding at 05:00 PM on the same day.
Borrower Name:M/s. Rashmi Steels
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Babulal Ganeshmal Bohra, Mrs. Sangeeta B.Bohra, Mrs. Geetaben Bharatbhai Bohra
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The godown in Bhiwandi presents a calculated opportunity given its industrial nature and physical possession status. The reserve price appears reasonable, but further due diligence on the location and market conditions is advised. This property could be a worthwhile investment for the right buyer.
Contact Details
Branch:Branch Office : Specialised Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:022-22673549
