Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613032
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹37,00,000
EMD:₹3,70,000
Bid Increment:₹25,000
Auction Time:12:00 PM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-11-17
Property Description
This auction features industrial land and a building located in the bustling area of Bhiwandi, Thane, Maharashtra. The property is associated with M/s. Alison Fabrics and falls under the 'Industrial' asset category. It presents a significant opportunity for industrial development or expansion in a well-connected region. The land and building are offered for sale through a SARFAESI auction conducted by the Bank of India.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Industrials
Full Address:21, Industrial Unit 21, Municipal House No. 483/1, Now Modified to Municipal house No. 483/12, Survey No. 23, Hissa No.3, Temghar, Temghar, Bhiwandi, Thane
Size:1875 sq. ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for industrial land and a building in Bhiwandi, Thane. The auction has a reserve price of INR 37,00,000 and an Earnest Money Deposit (EMD) of INR 3,70,000. Bidding will commence and conclude on December 9, 2025, running from 11:00 AM to 5:00 PM. This is a prime opportunity to acquire industrial real estate in Maharashtra.
Borrower Name:M/s. Alison Fabrics
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The industrial land and building in Bhiwandi presents a calculated opportunity. While the location is promising, the auction terms and reserve price warrant careful consideration. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9223344788
