Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612034
Bank Name:Bank of India
Branch Name:Specialised Asset Recovery Management Branch
Reserve Price:₹26,10,000
EMD:₹2,61,000
Bid Increment:₹25,000
Auction Time:03:00PM to 05:00PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:2025-11-07
Property Description
A valuable industrial godown located in the bustling Bhiwandi area of Thane, Maharashtra. This property is part of a SARFAESI auction conducted by the Bank of India. Its strategic location in a prominent industrial hub offers significant potential for storage and logistics operations. The property is ideal for businesses seeking a robust warehousing solution in a well-connected region.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Industrials
Full Address:211, Pritesh Complex, Godown No. 211, 2nd Floor, Building No. A7, Pritesh Complex, Near Sarvanna Hotel, Village Val, Taluka Bhiwandi, Dist-Thane-421302, Village Val, Bhiwandi
Building/Society:Pritesh Complex
Size:2156 Sq. Ft.
Auction Description
The Bank of India is holding a SARFAESI auction for a godown property in Bhiwandi, Thane, Maharashtra. The auction commences on November 18, 2025, at 11:00 AM and concludes at 05:00 PM on the same day. The reserve price is set at INR 26,10,000, with an EMD of INR 2,61,000 required to participate. This is a prime opportunity to acquire an industrial asset through a transparent auction process.
Borrower Name:M/s. B R Minoral Waters
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Vandana Janardan Shinde
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a godown in Bhiwandi, a developing industrial area, offering potential for businesses. The reserve price appears reasonable, making it a calculated opportunity. However, a thorough inspection is recommended due to potential encumbrances and auction terms.
Contact Details
Branch:Branch Office : Specialised Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:022-42673549
