Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613005
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,05,00,000
EMD:₹10,50,000
Bid Increment:₹1,00,000
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
A prime residential plot located in the well-connected area of Vashi, Navi Mumbai, Maharashtra. This plot offers a great opportunity for development in a sought-after urban locale. It is an asset being auctioned by the Bank of India under the SARFAESI Act. Ideal for individuals or developers looking to invest in a growing real estate market.
State:Maharashtra
City:Navi Mumbai
Area:Vashi,
Asset Category:Residential
Full Address:111,112&115, Krishna Govinda Complex, Gala No-111,112&115 at Krishna Govinda Complex, on Plot No.25 & 26, sector-24, Vashi, Navi Mumbal, Vashi, Navi Mumbai
Building/Society:Krishna Govinda Complex
Size:820 Sq. Ft
Auction Description
This is a SARFAESI auction conducted by the Bank of India for a residential plot in Vashi, Navi Mumbai. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is set at ₹1,05,00,000, with an Earnest Money Deposit (EMD) of ₹10,50,000 required to participate. This auction presents a unique chance to acquire property through a formal banking process.
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
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Vashi, a well-established commercial hub, combined with its manageable size and physical possession with the bank, makes it a strong investment. The reserve price is reasonable considering the location's potential, and the property type suits various business purposes.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
