Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612029
Bank Name:Bank of India
Branch Name:Specialised Asset Recovery Management Branch
Reserve Price:₹15,00,000
EMD:₹1,50,000
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
This is a bank auction for a commercial office space located in Ulhasnagar, Thane, Maharashtra. The property is being auctioned by the Bank of India under SARFAESI Act. It is suitable for various commercial ventures and offers a strategic location within the Thane district. Ideal for investors or businesses looking to establish a presence in a growing commercial hub.
State:Maharashtra
City:Thane
Area:Ulhasnagar
Asset Category:Commercial
Full Address:Office Nos. 108, Jeans World Mall, Jeans World Mall, Plot No. 3, Sheet No. 69, Non Shani Mandir, Ulhasnagar Camp 5, Ulhasnagar Camp 5, Ulhasnagar, Thane
Building/Society:Jeans World Mall
Auction Description
The Bank of India is conducting an online SARFAESI auction for a commercial office property in Ulhasnagar, Thane. The auction will take place on November 18, 2025, from 11:00 AM to 05:00 PM. The reserve price is INR 15,00,000, with an Earnest Money Deposit (EMD) of INR 1,50,000 required to participate. This is a valuable opportunity to acquire commercial real estate at a competitive price.
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 is a commercial office in a potentially good location but lacks specific size details. The reserve price seems reasonable, making it a calculated risk with potential for return if the location is indeed prime and the auction proceeds smoothly.
Contact Details
Branch:Branch Office : Specialised Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:022-22673549
