Property for Auction in Goregaon, Mumbai, Maharashtra
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612205
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch, Secunderabad
Reserve Price:₹3,57,00,000
EMD:₹35,70,000
Bid Increment:₹1,00,000
Auction Time:11:00 A.M. to 04.00 P.M.
Service Provider:BAANKNET
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
This offering presents a prime opportunity to acquire a substantial Land and Building asset in the bustling Goregaon area of Mumbai, Maharashtra. Situated in a key urban locality, this property is ideal for various development or investment purposes. Its location in Mumbai ensures excellent connectivity and access to essential amenities, making it a sought-after piece of real estate. The asset category is residential, suggesting potential for housing projects or related ventures. This is a unique chance to invest in a significant property within one of India's most dynamic economic hubs.
State:Maharashtra
City:Mumbai
Area:Goregaon
Asset Category:Residential
Full Address:63, Royal Palms, Plot No. 63 at Survey No.169 (pt) CTS No. 1627 (pt) Maroshi Village Royal Palms Goregaon (E), Goregaon, Mumbai
Building/Society:Royal Palms
Size:652 Square Meters
The State Bank of India is conducting a SARFAESI auction for a valuable Land and Building property in Goregaon, Mumbai. The auction will take place on November 20, 2025, commencing at 11:00 AM and concluding at 4:00 PM. The reserve price for this asset is ₹3,57,00,000, with an Earnest Money Deposit (EMD) of ₹35,70,000 required to participate. This auction is an excellent opportunity for investors and developers to acquire a strategically located property in Maharashtra's capital. Don't miss this chance to bid on a significant real estate asset.
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
Encumbrance Details:Not Known to Bank
The property in Goregaon, Mumbai, presents a calculated opportunity given its semi-finished status and land size. The reserve price of ₹35700000.0 requires careful assessment of completion costs and market valuation. Auction terms and location merit thorough due diligence for potential returns.
Branch:Branch Office : Stressed Assets Management Branch, Secunderabad
Service Provider:BAANKNET
Contact Details:
Contact no:040-23251921