Property Type:
Location:
Auction Date:Auction Details
Recommendation:Prime InvestmentScore: 8.5
Auction ID:610534
Bank Name:Omkara Assets Reconstruction Pvt Ltd
Branch Name:Corporate Office
Reserve Price:₹6,17,50,000
EMD:₹61,75,000
Bid Increment:₹5,00,000
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
This is a prime plot of land located in the highly sought-after Nariman Point area of Mumbai, Maharashtra. The asset category is residential, offering a unique opportunity to develop in one of India's most prestigious business and commercial hubs. The plot is being auctioned by Omkara Assets Reconstruction Pvt Ltd.
State:Maharashtra
City:Mumbai
Area:NARIMAN POINT
Asset Category:Residential
Full Address:111, Bajaj Bhawan, Plot по. 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
Omkara Assets Reconstruction Pvt Ltd presents a SARFAESI auction for a residential plot in Nariman Point, Mumbai. The auction will take place on November 19, 2025, starting at 11:00 AM and concluding at 01:00 PM. The reserve price for this valuable property is ₹6,17,50,000, with an Earnest Money Deposit (EMD) of ₹61,75,000. This auction is a significant opportunity for investors and developers looking to acquire property in a prime Mumbai location. M/s Eastern Sugar & Industries Limited is the borrower associated with this asset.
Borrower Name:M/s 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, Mumbai, presents a prime investment opportunity due to its desirable location and the potential for high returns. The reserve price is competitive for the area, and the auction terms are standard. This makes it a strong contender for investors seeking commercial real estate in Mumbai.
Contact Details
Branch:Branch Office : Corporate Office
Service Provider:bankeauctions.com / C1 India
Contact Details:
Vishal Bodha
Contact no:8082488907
