Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609646
Bank Name:Bank of India
Branch Name:Navi Mumbai Zone
Reserve Price:₹4,21,000
EMD:₹42,000
Bid Increment:₹25,000
Service Provider:BAANKNET
Important Dates
Submission Date:10-11-2025 05:00 PM
Bid Start Date:2025-11-07
Property Description
A prime commercial property located in the bustling area of Bhiwandi, Thane, Maharashtra. This asset, previously owned by M/s KAIF FABRICS, is now being auctioned by the Bank of India. Its strategic location in Thane offers excellent connectivity and potential for business growth, making it an attractive investment opportunity in the thriving industrial hub of Maharashtra.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Commercial
Full Address:115, Husain Arcade, Commercial Gala No- 115 on First Floor Husain Arcade on Plot bearing Survey No- 23/5, 23/7 and 71 Municipal House No- 1015, Village- Gauripada at near Asarabhal Mithaiwala, Gauripada, Bhiwandi
Building/Society:Husain Arcade
Auction Description
This SARFAESI auction, conducted by the Bank of India, presents a unique opportunity to acquire a commercial property in Bhiwandi, Thane. The auction will take place on November 11, 2025, starting at 11:00 AM and concluding at 05:00 PM. With a reserve price of ₹421,000 and an Earnest Money Deposit (EMD) of ₹42,000, this is a significant chance for investors and businesses to secure a valuable commercial asset in a key economic zone of Maharashtra.
Borrower Name:M/s KAIF FABRICS
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in Bhiwandi, Thane, offered at a relatively low reserve price. While the location may have potential, the symbolic possession status and lack of specific size details present risks. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Navi Mumbai Zone
Service Provider:BAANKNET
Contact Details:
Contact no: —
