Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611045
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹25,09,00,000
EMD:₹2,50,90,000
Bid Increment:₹2,00,000
Auction Time:11:00 AM to 3:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:31-12-2025 05:00 PM
Bid Start Date:2025-12-01
Property Description
This is a prime land parcel located in Bhandup, a well-connected area of Mumbai, Maharashtra. The property is categorized as residential and is being auctioned by the State Bank of India under SARFAESI proceedings. Ideal for developers or individuals looking for a significant land holding in a rapidly growing urban center.
State:Maharashtra
City:Mumbai
Area:Bhandup
Asset Category:Residential
Full Address:24, 34 to 36, 41 to 48, 51 to 58, 60, B Building, Sharad Industrial Estate, Shed A-2 & A-3, Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078, Bhandup, Mumbai
Building/Society:B Building, Sharad Industrial Estate
Auction Description
State Bank of India presents a SARFAESI auction for a valuable land parcel in Bhandup, Mumbai. The auction will commence on December 1, 2025, at 11:00 AM and conclude at 3:00 PM on the same day. The reserve price is set at ₹25,0,90,000, with an Earnest Money Deposit (EMD) of ₹2,50,90,000 required to participate. This is a unique opportunity to acquire a substantial plot in a sought-after location.
Borrower Name:Mr. Rupesh Girish Dixit
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Shantilal J.Jain, Ms. Indra Shantilal Jain, Mr. Shirish Shantilal Jain, Mr. Ranjan Amritlal Jain, M/s. Sharad Construction Company (Corporate Guarantor)
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property, located in Bhandup, Mumbai, offers a decent industrial space, but the relatively high reserve price and the 'as is where is' basis necessitate careful due diligence. While the location is promising, potential buyers should thoroughly investigate any encumbrances and dues before bidding. The opportunity warrants consideration for those familiar with the local market.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Rajesh Kandharkar
Contact no:9049757700
