Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610820
Bank Name:State Bank of India
Branch Name:Regional office
Reserve Price:₹1,16,00,000
EMD:₹11,60,000
Bid Increment:₹50,00,000
Auction Time:11:00 am to 04:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:09-11-2025 05:00 PM
Bid Start Date:2025-11-10
Property Description
Prime commercial shop located in the bustling area of Malad East, Mumbai, Maharashtra. This property, formerly M/s. Rikosh Fashions Pvt Ltd, presents an excellent investment opportunity in a high-footfall location. Ideal for various retail or business ventures seeking a strategic presence in one of Mumbai's key commercial hubs. Seize this chance to acquire a valuable asset.
State:Maharashtra
City:Mumbai
Area:Malad East
Asset Category:Commercial
Full Address:Sheetal Tapovan, Sheetal Tapovan on CTS 823-A, 823-B, 823-C, 823/1, 818, Ranisati Marg, Pathanwadi, Malad (East), Mumbai-400097, Malad East, Mumbai
Building/Society:Sheetal Tapovan
Auction Description
State Bank of India is conducting a SARFAESI auction for a commercial shop in Malad East, Mumbai. The auction will commence on November 10, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at ₹1,16,00,000, with an Earnest Money Deposit (EMD) of ₹11,60,000 required. This is a significant opportunity to acquire a commercial property through a transparent bank auction process.
Borrower Name:M/s. Rikosh Fashions Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rinku Indrakumar Patodia, Ms. Anita Rinku Patodia
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Malad East presents a calculated opportunity due to its location and potential for business. The reserve price seems fair, but a bid increment is also a point of concern, and further due diligence is advised to evaluate market conditions and potential returns.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Bhosu
Contact no:+912222040541
