Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613031
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Bid Increment:₹50,000
Auction Time:12:00 PM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
A residential house located in the Bhiwandi area of Thane, Maharashtra. This property is being auctioned by the Bank of India under the SARFAESI Act. The asset category is residential, and it is a house property. Situated in a key urban area, it presents a potential opportunity for homeowners or investors.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Residential
Full Address:Municipal House No. 498/1, Survey No. 23, Hissa No.3, Temghar, Bhiwandi, Thane 421302, Temghar, Bhiwandi
Size:473.8 sq. mtrs
Auction Description
This is a SARFAESI auction conducted by the Bank of India for a residential house in Bhiwandi, Thane, Maharashtra. The auction starts on December 9, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price for this property is ₹1,00,00,000, with an Earnest Money Deposit (EMD) of ₹10,00,000 required to participate. The property is associated with the borrower M/s. Alison Fabrics.
Borrower Name:M/s. Alison Fabrics
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Firoz Mahendi Mohmed Surani, Mr. Amin Mahendi Mohammed Surani
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent amount of space in a developing location. While the reserve price is substantial, the physical possession status provides some reassurance. It's a calculated opportunity due to the location's growth potential and the property's reasonable size for a family home.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9223344788
