Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611074
Bank Name:IDBI Bank
Branch Name:Mumbai
Reserve Price:₹3,32,00,000
EMD:₹33,20,000
Service Provider:Public Auction
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This offering features a significant parcel of land located in Wada, Palghar, Maharashtra. The property is being auctioned by IDBI Bank as part of a SARFAESI action, with Bokadia Textile Mills Pvt. Ltd. listed as the borrower. This land represents a prime opportunity in a developing region. Its residential asset category suggests potential for various development scenarios.
State:Maharashtra
City:Palghar
Area:Wada
Asset Category:Residential
Full Address:Survey No.96/3/2 (p), New Survey No.96/12, Village: Gandhare, Taluka: Wada, Dist: Palghar, Maharashtra, Gandhare, Palghar
Size:2.80 hectares
Auction Description
IDBI Bank presents a SARFAESI auction for a valuable land parcel in Wada, Palghar, Maharashtra. The auction will commence on November 14, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price is set at ₹3,32,00,000, with an Earnest Money Deposit (EMD) of ₹33,20,000 required to participate. This is a unique chance to acquire a substantial asset from a prominent financial institution.
Borrower Name:Bokadia Textile Mills Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Shri Shankar Lal Jain, Shri Jayantilal S Jain, Shri Sudhir S Jain, Shri Jitendra S Jain, Smt. Bhawari Devi Jain
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a large land parcel in a developing area of Palghar. While the location offers potential for future growth, the 'as is where is' condition requires careful due diligence. The reserve price seems reasonable for the area, presenting a calculated opportunity for investors willing to assess potential risks and rewards.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Gaurav Kumar / Nipun Paliwal
Contact no:9873405103/9940684265
