Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610822
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 offering features a prime commercial shop located in the bustling area of Malad East, Mumbai, Maharashtra. The property is part of a SARFAESI auction conducted by the State Bank of India. It represents an excellent opportunity for businesses or investors seeking a commercial space in a well-connected and rapidly developing part of Mumbai. The shop is ideal for various retail or service-oriented businesses.
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 take place on November 10, 2025, starting at 11:00 AM and concluding at 4:00 PM. The reserve price for this valuable commercial asset is ₹1,45,00,000, with an Earnest Money Deposit (EMD) of ₹14,50,000. This is a significant opportunity to acquire commercial property in a sought-after Mumbai location.
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 property is a commercial shop in a well-known locality of Mumbai, but the reserve price is high. The auction terms are standard, but due diligence is necessary. It's a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:+912222040541
