Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614635
Bank Name:ASREC (India) Ltd.
Branch Name:Reg. Office - Mumbai
Reserve Price:₹1,75,00,000
EMD:₹17,50,000
Bid Increment:₹1,00,000
Auction Time:10:00 AM to 12:00 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
This auction presents a prime land parcel in Wada, Palghar, Maharashtra, offered by ASREC (India) Ltd. The property is categorized as residential land and is being auctioned under the SARFAESI Act. Located in a developing area, this land offers significant potential for residential development. The borrower for this asset is M/s. Hanuman Trading Corporation.
State:Maharashtra
City:Palghar
Area:Wada
Asset Category:Residential
Full Address:Village Gandhare, Taluka Wada, District Palghar, Gandhare, Palghar
Size:0-60-0, 0-33-5 HR Survey
Auction Description
ASREC (India) Ltd. is conducting an online SARFAESI auction for a valuable land parcel in Wada, Palghar, Maharashtra. The auction will commence on November 18, 2025, at 10:00 AM and conclude at 12:00 PM on the same day. The reserve price for this residential land is ₹1,75,00,000, with an Earnest Money Deposit (EMD) of ₹17,50,000 required to participate. Don't miss this opportunity to acquire a significant land asset.
Borrower Name:M/s. Hanuman Trading Corporation
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Anita Manmohan Didwania, M/s. Shree Hanuman Texfab Private Limited, Mr. Manmohan Chiranjivilal Didwania
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel located in Wada, Palghar, presenting a potential investment opportunity. The reserve price appears reasonable, but potential investors should conduct thorough due diligence on the location and market conditions before bidding. It is a calculated risk, and the recommendation reflects the need for careful consideration.
Contact Details
Branch:Branch Office : Reg. Office - Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Sunil Vanne
Contact no:9969437984
