Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611918
Bank Name:State Bank of India
Branch Name:Hyderabad
Reserve Price:₹3,57,00,000
EMD:₹35,47,000
Bid Increment:₹1,00,000
Auction Time:11:00 A.M. to 04.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This auction features a valuable Land and Building property located in the prime area of Goregaon, Mumbai, Maharashtra. The asset, categorized as residential, is being auctioned by the State Bank of India under the SARFAESI Act. This presents a significant opportunity for investors and buyers seeking property in one of India's most dynamic real estate markets. The property is offered with a reserve price of INR 3,57,00,000, with an Earnest Money Deposit (EMD) of INR 35,70,000. The sale is conducted by the State Bank of India, originating from a borrower, M/s. Apex Encon Projects Pvt. Ltd.
State:Maharashtra
City:Mumbai
Area:Goregaon
Asset Category:Residential
Full Address:63, Royal Palms, Plot No. 63 at Survey No.16'9 (pt) CTS No. 1627 (pt) Maroshi Village Royal Palms Goregaon (E), Goregaon, Mumbai
Building/Society:Royal Palms
Size:652 Square Meters
Auction Description
State Bank of India presents a SARFAESI auction for a Land and Building property in Goregaon, Mumbai. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this residential asset is set at INR 3,57,00,000, with an EMD of INR 35,70,000 required to participate. This is a unique chance to acquire a property in a sought-after Mumbai locality through a transparent banking auction process. Interested bidders are advised to review all auction terms and conditions provided by the State Bank of India.
Borrower Name:M/s. Apex Encon Projects Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:The Liquidator, Apex Encon Projects Pvt. Ltd., M/s. Apex Encon Projects Private Limited, Smt. N Padmavathi, Smt. Nekkanti Padmavathi, Sri Nekkanti Venkata Anjaneya Varma, Sri N. Anjaneya Varma, Sri PhaniRatna Kumar Potluri, Sri Veeravenkata Satyanarayana Bobba, Sri Viswanatha Raju Dantuluri, Sri N.Krishna, Sri N.Subba Rao
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a semi-finished building in a decent location. The location is good, the price is reasonable, and the auction terms are standard. However, the 'semi-finished' status introduces additional risk and investment required for completion.
Contact Details
Branch:Branch Office : Hyderabad
Service Provider:BAANKNET
Contact Details:
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