Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612021
Bank Name:Bank of India
Branch Name:Specialised Asset Recovery Management Branch
Reserve Price:₹1,02,60,000
EMD:₹10,26,000
Auction Time:11:00 AM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:2023-11-07
Property Description
This is a bank auction for a Godown property located in Bhiwandi, Thane, Maharashtra. Situated in a key industrial area, this property is suitable for various commercial and warehousing purposes. The borrower for this asset is M/s. Konnecting India. This is an industrial asset being auctioned under the SARFAESI Act by the Bank of India.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Industrials
Full Address:214 & 215 (Merged), Padmini Complex, Godown No. 214 & 215 (Merged), 2nd Floor, Building No. A8, Padmini Complex, Pipeline Road, Off Thane Bhiwandi Road, Mouje Purna, Purna, Bhiwandi
Building/Society:Padmini Complex
Size:6252.50 sq. ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a Godown property in Bhiwandi, Thane, Maharashtra. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is ₹10,260,000.00, with an Earnest Money Deposit (EMD) of ₹1,026,000.00 required to participate. This is a prime opportunity to acquire an industrial asset in a strategic location.
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 property is a godown in a developing industrial area with physical possession, offering a tangible asset. The reserve price seems reasonable, but due diligence is needed regarding local market conditions and potential for appreciation. This opportunity presents a calculated risk for investors familiar with the Bhiwandi industrial market.
Contact Details
Branch:Branch Office : Specialised Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
