Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613012
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,11,00,000
EMD:₹11,10,000
Bid Increment:₹1,00,000
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
Bank of India is auctioning a residential plot in the prime area of Vashi, Navi Mumbai, Maharashtra. This SARFAESI auction presents a valuable opportunity to acquire property in a well-developed locale. The plot is offered by the Bank of India, with a reserve price starting at ₹1,11,00,000. The Earnest Money Deposit (EMD) required is ₹11,10,000. This is a unique chance to invest in Navi Mumbai's growing real estate market.
State:Maharashtra
City:Navi Mumbai
Area:Vashi,
Asset Category:Residential
Full Address:113, 116 & 117, Krishna Govinda Complex, Gala No-113,116 & 117 at Krishna Govinda Complex, on Plot No.25 & 26, sector-24 Vashi Navi Mumbai, Vashi, Navi Mumbai
Building/Society:Krishna Govinda Complex
Size:692 Sq. Ft
Auction Description
This is a SARFAESI auction conducted by the Bank of India for a residential plot located in Vashi, Navi Mumbai, Maharashtra. The bidding starts on 25-11-2025 at 11:00 AM and concludes on the same day at 05:00 PM. The reserve price for this auction is ₹1,11,00,000, with an EMD of ₹11,10,000. The property belonged to M/s. Mahavir Roads & Infrastructures Pvt. Ltd. Ensure all documentation and payment requirements are met prior to participation.
Borrower Name:M/s. Mahavir Roads & Infrastructures Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jitendra V Kikavat, Mr. Pankaj V. Kikavat, Mr. Nilesh V. Kikavat, Mr. Pavan V. Kikavat, Mrs. Ushaben V kikavat, Mr. Vasantlal N Kikavat, legal helrs Mr. Jitendra V Kikavat
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial plot in a developed area of Navi Mumbai. While the location is good, the reserve price appears moderate. Potential investors should carefully assess the market value and growth prospects before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7719014174
