Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609050
Bank Name:Edelweiss Asset Reconstruction Company Limited
Branch Name:mumbai
Reserve Price:₹12,15,00,000
EMD:₹1,21,50,000
Bid Increment:₹2,00,000
Auction Time:12 Noon to 1PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-01
Bid Start Date:2025-12-02
Property Description
A significant land and building asset located in the prime Tardeo area of Mumbai, Maharashtra. This property offers a unique opportunity for development or investment in one of India's most sought-after urban locations. Its strategic position in Mumbai ensures excellent connectivity and access to essential amenities, making it an attractive proposition for discerning buyers.
State:Maharashtra
City:Mumbai
Area:Tardeo
Asset Category:Residential
Full Address:Apsara Cinema Building, 8th Floor of Apsara Cinema, Building standing on plot bearing C. S. No. 113 and 1/152 of Tardeo Division situated at Dr. Dadasaheb Bhadkamkar Marg, Grant Road (East), Mumbai-400007, Tardeo, Mumbai
Building/Society:Apsara Cinema Building
Size:7430 sq. ft.
Auction Description
Edelweiss Asset Reconstruction Company Limited is conducting a SARFAESI auction for a valuable land and building property in Tardeo, Mumbai. The auction commences on December 2, 2025, at 12:00 PM and concludes at 01:00 PM on the same day. The reserve price is set at INR 12,15,00,000 with an Earnest Money Deposit (EMD) of INR 1,21,50,000. This is a prime opportunity to acquire a substantial asset in a highly desirable Mumbai locality.
Borrower Name:Mr. Manoj Uttam Khushalani
Auction Type:SARFAESI Auction
Guarantor Names:Urvil Akshaya Jani, Manoj Uttam Khushalani, Aashima Manoj Khushalani, Rakeshkumar Ashok Kumar Singh
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in Tardeo, a prime area of Mumbai, this large commercial space in Apsara Cinema Building presents a significant investment opportunity. The property type and location justify the price point, making it a potentially lucrative acquisition, though due diligence is crucial given the auction terms.
Contact Details
Branch:Branch Office : mumbai
Service Provider:Public Auction
Contact Details:
Contact no:9404505743
