Commercial for auction 1001 Ruparel Iris Matunga Mumbai by Kotak Mahindra Bank

Property for Auction in Matunga, Mumbai, Maharashtra

Property Type IconProperty Type:
Commercial
Location IconLocation:
Matunga, Mumbai
Auction Date IconAuction Date:
2023-12-05 14:00:00

Auction Details

Auction ID:166910

Bank Name:Kotak Mahindra Bank

Branch Name:Registered OfficeMumbai

Reserve Price:3,73,73,400

EMD:37,37,340

Service Provider:bankeauctions.com

Important Dates

Submission Date:2023-12-05 14:00:00

Bid Start Date:2023-12-05 14:00:00

Property Description

This commercial property in the heart of Matunga, Mumbai, presents an exceptional investment opportunity. Situated in a prime location within the bustling Mumbai district of Maharashtra, this asset offers significant potential for businesses seeking a strategic foothold. Matunga is known for its vibrant commercial activity and excellent connectivity, making it an ideal location for various business ventures. The property's classification as commercial ensures its suitability for a range of enterprises, from retail outlets to office spaces. With its advantageous location and robust commercial environment, this property promises substantial returns and long-term growth. Seize the chance to acquire a valuable asset in one of Mumbai's most dynamic neighborhoods.

State:Maharashtra

City:Mumbai

Area:Matunga

Asset Category:Commercial

Auction Description

Kotak Mahindra Bank is offering a prime commercial property in Matunga, Mumbai, through a Sarfaesi Auction. The auction is scheduled for December 5th, 2023, with bidding commencing and concluding on the same day at 2:00 PM. The reserve price for this valuable asset is set at INR 37,373,400, with an Earnest Money Deposit (EMD) of INR 3,737,340 required to participate. Interested parties should submit their bids by the submission date on December 5th, 2023. For further information and assistance with the bidding process, please contact Mr. Kanhyasham Gupta at 8369156909 or Mr. Ashok Motwani at 9873737351. This auction presents a lucrative opportunity for strategic commercial investment in a thriving Mumbai locale; don't miss out!

Borrower Name:Mr. Areef Asgar Patel

Auction Type:Sarfaesi Auction

Contact Details

Mr. Kanhyasham Gupta @ 8369156909 , Mr. Ashok Motwani @ 9873737351

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