Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610515
Bank Name:Indian Overseas Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹17,57,000
EMD:₹1,75,700
Bid Increment:₹50,000
Auction Time:11:00 AM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-15
Bid Start Date:2025-11-15
Property Description
This auction features a commercial office space located in the vibrant area of Karjat, Raigad, Maharashtra. Situated in a prime location, this property offers excellent potential for business ventures. The asset is being auctioned by Indian Overseas Bank under the SARFAESI Act. Ideal for investors and businesses looking for a strategic commercial space in a developing region.
State:Maharashtra
City:Raigad
Area:Karjat
Asset Category:Commercial
Full Address:202, Mateshwari Hills Park CHS Limited, Commercial Office No 202, 2nd Floor, K-Wing, Mateshwari Hills Park CHS Limited, Village-Karjat, Near Saint Shephard High School, Dist-Raigad Pin-410201, Karjat, Raigad
Building/Society:Mateshwari Hills Park CHS Limited
Size:56.67 sq mt
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a commercial office property in Karjat, Raigad. The auction will commence on November 15, 2025, at 11:00 AM and conclude at 03:00 PM on the same day. The reserve price is set at INR 17,57,000, with an Earnest Money Deposit (EMD) of INR 1,75,700 required to participate. This is a unique opportunity to acquire a commercial asset at a competitive price. M/S Spaceship Trading Pvt Ltd is the borrower associated with this property.
Borrower Name:M/S Spaceship Trading Pvt Ltd
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial office in Karjat, a developing area, offered at a reasonable reserve price. While not a prime metropolitan location, the auction terms are standard, and the property type has potential for local business or rental income. A calculated risk due to the location, but potentially rewarding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Manish Kumar
Contact no:8506039396
