Industrial Land for Auction Gundavali Thane 1.2 Crore by Bank of India 29 May 2026
Gundavali, Thane
Area: 451.32 Sq. Meters
Gala at Industrial Unit No.12, A/3, Shree Ganesh Complex, Survey No.93, Hissa No.5, Mauje, Gundavali, Bhiwandi, Dist Thane 421302
Bank of India · Asset Recovery Management Branch
Reserve price
₹1,25,00,000
EMD ₹12,50,000
Auction date
29 May 2026, 11:00 AM
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Quick read
- ▸Possession: Physical
- ▸Area: 451.32 Sq. Meters
- ▸Locality: Gundavali
- ▸Reserve: ₹1,25,00,000
- ▸EMD: ₹12,50,000
Auction snapshot
| Possession | Physical |
| Property type | Industrial Land · Industrials |
| Locality | Gundavali |
| Built-up / plot area | 451.32 Sq. Meters |
| Lender | Bank of India |
| Branch | Asset Recovery Management Branch |
| Unit / flat no. | 12, A/3 |
| Building / society | Shree Ganesh Complex |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | Public Auction |
About this property
Industrial Land bank auction in Gundavali, Thane by Bank of India — reserve price ₹1,25,00,000, 451.32 Sq. Meters, Physical possession.
Bank auction property: Industrial land for sale in Bhiwandi, Thane. This prime industrial unit at Shree Ganesh Complex, Gundavali, offers 451.32 sq. meters of space. Bank of India is conducting an e-auction with a reserve price of ₹12,500,000 and an EMD of ₹1,250,000. The auction date is May 18, 2026. Property is under Physical Possession. This is an excellent opportunity to acquire a valuable industrial asset through a bank auction. Contact the authorized officer for inspection and bidding details.
GeoSquare note: Located in Bhiwandi, a key industrial area near Mumbai, this land presents a good opportunity with the bank auction. The property's physical possession status enhances its appeal, while the set reserve price seems competitive. Interested investors should conduct thorough due diligence of area and encumbrances.
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