Property for Auction in Malad East, Mumbai, Maharashtra
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610819
Bank Name:State Bank of India
Branch Name:Regional office
Reserve Price:₹1,70,00,000
EMD:₹17,00,000
Bid Increment:₹5,00,000
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 prime commercial shop located in the bustling area of Malad East, Mumbai, Maharashtra. Situated in a well-connected and commercially active zone, this property offers excellent potential for various business ventures. Its strategic location ensures high footfall and accessibility, making it an attractive investment for entrepreneurs and businesses looking to establish or expand their presence in Mumbai's dynamic market. The property is part of a SARFAESI auction conducted by the State Bank of India.
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 holding 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 4:00 PM on the same day. The reserve price for this valuable commercial asset is ₹1,70,00,000, with an Earnest Money Deposit (EMD) of ₹17,00,000. This is a significant opportunity to acquire a commercial property in a key Mumbai location. Interested bidders are advised to review all auction terms and conditions provided by the bank.
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 property is a commercial shop in a good location in Malad East, Mumbai. However, the reserve price is relatively high, warranting careful evaluation. The auction terms are standard, but the overall market conditions should be considered before bidding.
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Basu
Contact no:+912222040541