Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611084
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE : RECOVERY DEPT : MUMBAI
Reserve Price:₹24,75,000
EMD:₹2,47,500
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential house located in Vasai, Palghar, Maharashtra. It is part of a bank auction conducted by Indian Bank under the SARFAESI Act. The property is being auctioned due to the borrower, M/s. Ashwaraj Mineral Water Pvt. Ltd, defaulting on their loan. This presents an opportunity for interested buyers to acquire a house in a well-known area.
State:Maharashtra
City:Palghar
Area:Vasai
Asset Category:Residential
Full Address:6-B, Orchid Hill front, Row House No. 6-B, G+01 upper Floor, Cluster No. 6, Orchid Hill front, S No.144, Kashidkopar village, Nallasopara East, Vasai, Palghar, Nallasopara East, Vasai
Building/Society:Orchid Hill front
Auction Description
Indian Bank is holding a SARFAESI auction for a residential property, specifically a house, in Vasai, Palghar, Maharashtra. The auction is scheduled to commence on November 19, 2025, at 10:00 AM and will conclude at 4:00 PM on the same day. The reserve price for this auction is INR 24,75,000, with an Earnest Money Deposit (EMD) of INR 2,47,500 required to participate. This auction offers a chance to purchase real estate directly from the bank.
Borrower Name:M/s. Ashwaraj Mineral Water Pvt. Ltd
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential house in a developing locality, Vasai. The reserve price seems reasonable and it's a physical possession property, but further due diligence is recommended due to limited location information.
Contact Details
Branch:Branch Office : ZONAL OFFICE : RECOVERY DEPT : MUMBAI
Service Provider:BAANKNET
Contact Details:
Contact no: —
