Property Type:
Location:
Auction Date:Auction Details
Recommendation:Prime InvestmentScore: 8.5
Auction ID:610354
Bank Name:Omkara Assets Reconstruction Pvt Ltd
Branch Name:Corporate Office : Mumbai
Reserve Price:₹6,17,50,000
EMD:₹61,75,000
Bid Increment:₹50,00,000
Auction Time:11 am to 1 pm
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
Prime plot of land located in the prestigious Nariman Point area of Mumbai, Maharashtra. This residential plot offers an exceptional opportunity for development in one of India's most sought-after commercial and residential hubs. Benefiting from excellent connectivity and infrastructure, this property is ideal for creating a high-value residential project.
State:Maharashtra
City:Mumbai
Area:NARIMAN POINT
Asset Category:Residential
Full Address:111, Bajaj Bhawan, Premises No. 111, Bajaj Bhawan, Plot no. 226/CS No. 1924, Block No. III, Backbay Reclamation, Nariman Point, Mumbai - 400021, Nariman Point, Mumbai
Building/Society:Bajaj Bhawan
Size:1100 sq.ft.
Auction Description
This SARFAESI auction presents a unique chance to acquire a valuable plot in Nariman Point, Mumbai, brought to you by Omkara Assets Reconstruction Pvt Ltd. The auction starts at 11:00 AM and concludes at 01:00 PM on November 19, 2025. The reserve price is ₹6,17,50,000, with an Earnest Money Deposit (EMD) of ₹61,75,000 required. This is a prime opportunity for investors and developers looking to capitalize on Mumbai's dynamic real estate market.
Borrower Name:Eastern Sugar & Industries Limited
Auction Type:SARFAESI Auction
Guarantor Names:Shree Hanuman Sugar & Industries Limited, M/s Nopany Investments Private Limited, Shri Bimal Kumar Nopany
Legal Details
Encumbrance Details:Society dues (Bajaj Bhawan) as on 07.08.2025, aggregating to a sum of Rs 61,23,969/-
Why This Property
This commercial plot in Nariman Point represents a strong investment opportunity due to its prime location and potential for high returns. While the reserve price is substantial, the area's commercial value justifies the investment. Auction terms are standard, making it a viable option for serious investors.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Vishal Bodha
Contact no:8082488907
