Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609645
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
Discover a prime commercial property located in Bhiwandi, Thane, Maharashtra. This asset, formerly under M/s KAIF FABRICS, presents an excellent opportunity for business expansion or investment in a thriving industrial and commercial hub. Its strategic location within Thane offers significant potential for growth and accessibility.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Commercial
Full Address:109, Husain Arcade, Commercial Gala No- 109 on First Floor Husain Arcade on Plot bearing Survey No-23/5, 23/7 and 71 Municipal House No- 1015, Village- Gauripada, Gauripada, Bhiwandi, Thane
Building/Society:Husain Arcade
Auction Description
Bank of India is conducting a SARFAESI auction for a commercial property in Bhiwandi, Thane. The auction will take place on November 11, 2025, from 11:00 AM to 5:00 PM. The reserve price is set at ₹4,21,000, with an EMD of ₹42,000 required to participate. This is a valuable chance to acquire a commercial asset through a transparent bank auction process.
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, but with symbolic possession, indicating potential challenges. Its location and commercial nature make it a calculated opportunity for investors willing to navigate the possession status. The auction terms are standard, and due diligence is crucial before bidding.
Contact Details
Branch:Branch Office : Navi Mumbai Zone
Service Provider:BAANKNET
Contact Details:
Contact no:8861604742
