Shop for auction Malad East Mumbai 1 Cr State Bank of India

Property for Auction in Malad East, Mumbai, Maharashtra

Recommendation
Strong BuyScore: 7.5
Possession
Symbolic
Reserve Price
1,45,00,000
Reserve Price
1,45,00,000
EMD Required
14,50,000
Property Specifications
Society/BuildingSheetal Tapovan
FloorGround Floor
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Shop
Location IconLocation:
Malad East, Mumbai
Auction Date IconAuction Date:
10-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:09-11-2025 05:00 PM

Bid Start Date:2025-11-10

Property Description

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

Auction Description

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

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : Regional office

Service Provider:BAANKNET

Contact Details:

Authorized Officer

Contact no:+912222040541

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