Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613030
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹34,00,000
EMD:₹3,40,000
Bid Increment:₹25,000
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:2025-11-17
Property Description
This is a residential house located in Bhiwandi, Thane, Maharashtra. The property is being auctioned by the Bank of India under SARFAESI Act. It is an excellent opportunity for buyers looking for a property in this developing area. The property is suitable for residential purposes.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Residential
Full Address:Municipal House No. 483/3/1 Survey No. 23, Hissa No. 3, Temghar, Bhiwandi, Thane 421302, Temghar, Bhiwandi
Size:1875 sq. ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential house in Bhiwandi, Thane, Maharashtra. The auction will take place on December 9, 2025, from 11:00 AM to 5:00 PM. The reserve price for this auction is ₹34,00,000, with an Earnest Money Deposit (EMD) of ₹3,40,000. This is a direct sale from the bank, offering a transparent and secure transaction for potential buyers.
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 is a house in Bhiwandi being auctioned by Bank of India. The reserve price is relatively low, but further due diligence is needed to understand the full potential. This could be a reasonable investment opportunity, warranting a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9223344788
