Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612022
Bank Name:Bank of India
Branch Name:Specialised Asset Recovery Management Branch
Reserve Price:₹1,02,60,000
EMD:₹10,26,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:2025-11-18
Property Description
This is a bank auction of a Godown located in the industrial area of Bhiwandi, Thane, Maharashtra. The property is being auctioned by the Bank of India under SARFAESI Act. The borrower is M/s. Konnecting India. This industrial asset presents a significant opportunity for businesses seeking storage or manufacturing space in a prime location.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Industrials
Full Address:114 & 115 (Merged), Padmini Complex, Godown No. 114 & 115 (Merged), 2nd Floor, Building No. A8, Padmini Complex, Pipeline Road, Off Thane Bhiwandi Road, Mouje Purna, Mouje Purna, Bhiwandi
Building/Society:Padmini Complex
Size:6252 Sq. Ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a Godown in Bhiwandi, Thane, Maharashtra. The auction will take place on November 18, 2025, starting at 11:00 AM and concluding at 05:00 PM. The reserve price for this industrial property is ₹1,02,60,000, with an Earnest Money Deposit (EMD) of ₹10,26,000 required to participate. This is a prime opportunity to acquire an industrial asset in a developing region.
Borrower Name:M/s. Konnecting India
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Karan Tondon, Mrs. Sapna Tarun Samat, Mr. Anmol Tarun Samat, Mr. Tarun Manohar Samat
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The godown in Bhiwandi presents a solid investment due to its industrial potential and strategic location. The reserve price appears reasonable, and the auction terms are standard. Given the property type and area, it offers a strong opportunity for investors looking for industrial assets.
Contact Details
Branch:Branch Office : Specialised Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:022-22673549
