Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612027
Bank Name:Bank of India
Branch Name:Specialised Asset Recovery Management Branch
Reserve Price:₹12,00,000
EMD:₹1,20,000
Bid Increment:₹25,000
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:2025-11-18
Property Description
This is a bank auction for a commercial office space located in Ulhasnagar, Thane, Maharashtra, offered by the Bank of India. The property is being auctioned under the SARFAESI Act. It presents a significant opportunity for businesses looking to establish or expand their presence in this key commercial hub. The location in Ulhasnagar, Thane, provides excellent connectivity and accessibility.
State:Maharashtra
City:Thane
Area:Ulhasnagar
Asset Category:Commercial
Full Address:105, Jeans World Mall, Office Nos. 105, First Floor, Jeans World Mall, Plot No. 3, Sheet No. 69, Non Shanl Mandir, Ulhasnagar Camp 5, Ulhasnagar Camp 5, Ulhasnagar
Building/Society:Jeans World Mall
Size:293 Sq. Ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a commercial office property in Ulhasnagar, Thane. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this asset is ₹12,00,000, with an Earnest Money Deposit (EMD) of ₹1,20,000 required to participate. This auction offers a transparent and competitive process for acquiring valuable commercial real estate.
Borrower Name:Mis. Snohal Gems Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Pradeep Bhotra, Mr. Vanita C Awtaney
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable investment opportunity due to its commercial nature and location in Ulhasnagar. The reserve price and EMD are moderate, but potential investors should carefully evaluate the area and market conditions. It is classified as a calculated opportunity, where due diligence and a clear business plan are essential for success.
Contact Details
Branch:Branch Office : Specialised Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9819403549
