Property for Auction in Malad East, Mumbai, Maharashtra
Recommendation:Strong BuyScore: 7.5
Auction ID:610821
Bank Name:State Bank of India
Branch Name:Regional office
Reserve Price:₹1,45,00,000
EMD:₹14,50,000
Bid Increment:₹50,00,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Submission Date:09-11-2025 05:00 PM
Bid Start Date:2025-11-10
This is a bank auction of a commercial shop located in the bustling area of Malad East, Mumbai, Maharashtra, brought to you by the State Bank of India. Situated in a prime location, this property offers excellent potential for various business ventures. The area is well-connected and experiences high footfall, making it an attractive spot for commercial establishments. Don't miss this opportunity to acquire a valuable commercial asset in one of India's major economic hubs.
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, Malad East, Mumbai
Building/Society:Sheetal Tapovan
The State Bank of India is conducting a SARFAESI auction for a commercial shop in Malad East, Mumbai. The auction starts on November 10, 2025, at 11:00 AM and concludes at 4:00 PM on the same day. The reserve price for this property is ₹1,45,00,000, with an Earnest Money Deposit (EMD) of ₹14,50,000 required to participate. This is a fantastic chance to bid on a commercial property in a sought-after Mumbai location. Please ensure all bidding requirements are met before the auction end time.
Borrower Name:M/s. Rikosh Fashions Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rinku Indrakumar Patodia, Ms. Anita Rinku Patodia
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The commercial shop in Malad East presents a promising investment. Its location and the established building society add to its appeal. The reserve price and auction terms suggest a good opportunity for a calculated investment.
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:+912222040541