Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609180
Bank Name:Federal Bank
Branch Name:LCRD - Mumbai Division
Reserve Price:₹3,71,20,000
EMD:₹37,12,000
Bid Increment:₹25,000
Auction Time:11:30 AM to 1:30 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
A well-located residential flat in Andheri East, Mumbai, Maharashtra, offered for auction by Federal Bank. This property is ideal for individuals or families seeking a home in a prime Mumbai locality. The flat is part of a SARFAESI auction, providing a unique opportunity to acquire property directly from the bank.
State:Maharashtra
City:Mumbai
Area:Andheri East
Asset Category:Residential
Full Address:Shop/Unit No: 1, 2 & 3, Hawa Apartment, Hawa Apartment, Mahakali Caves Road, Opposite Holy Spirit Hospital, Andheri East, Mumbai - 400093, Maharashtra, Andheri East, Mumbai
Building/Society:Hawa Apartment
Size:256 Sq. Fts.
Auction Description
Federal Bank is conducting a SARFAESI auction for a residential flat in Andheri East, Mumbai. The auction starts on November 28, 2025, at 11:30 AM and concludes at 01:30 PM on the same day. The reserve price is ₹3,71,20,000, with an Earnest Money Deposit (EMD) of ₹37,12,000 required to participate. This is a fantastic opportunity to purchase a property in a sought-after area.
Borrower Name:Mr. Pankaj Vasudevan Nair
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Manjula Pankaj Nair
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in the prime Andheri East area of Mumbai, these commercial shops present a strong investment opportunity. The reserve price is competitive for the location, and the physical possession status adds security. With clear auction terms and conditions, this property warrants a 'Strong Buy' recommendation for investors seeking commercial real estate.
Contact Details
Branch:Branch Office : LCRD - Mumbai Division
Service Provider:drt.auctiontiger.net
Contact Details:
Rajeshkumar P
Contact no:91-8828226729
