Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612036
Bank Name:Bank of Maharashtra
Branch Name:MUMBAI NORTH ZONAL OFFICE
Reserve Price:₹25,44,41,000
EMD:₹2,54,44,000
Bid Increment:₹1,00,000
Auction Time:11:00 a.m. to 3:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
Prime commercial property located in Bhandup, Mumbai, Maharashtra. This asset is part of a SARFAESI auction conducted by the Bank of Maharashtra. The property offers significant potential for business and investment purposes in a well-connected urban area.
State:Maharashtra
City:Mumbai
Area:Bhandup
Asset Category:Commercial
Full Address:Plot No. 296 B, Plot No. 296 B, Bhandup Industrial Area, Sonapur Lane, off LBS Marg, Bhandup West, Mumbai, Maharashtra-400078, Bhandup, Mumbai
Size:2151.10 Sq. Mt. Plot Area
Auction Description
Bank of Maharashtra presents a SARFAESI auction for a commercial property in Bhandup, Mumbai. The auction begins on November 14, 2025, at 11:00 AM and concludes at 03:00 PM on the same day. The reserve price is ₹25,44,41,000, with an EMD of ₹2,54,44,000. This is a valuable opportunity to acquire commercial real estate in a key Mumbai location.
Borrower Name:M/s. JMD Auto India Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:M/s JMDVFM Cars India Pvt Ltd
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known
Why This Property
The property is a commercial land and structure in a prime industrial area of Mumbai, making it a strong investment opportunity. The location in Bhandup and the substantial size of the plot contribute to its high potential value. The auction terms are standard, and the property's clear title enhances its attractiveness.
Contact Details
Branch:Branch Office : MUMBAI NORTH ZONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Suman Kumar Jha
Contact no:8530253773
