Shop for auction Malad East Mumbai 2 Cr State Bank of India

Property for Auction in Malad East, Mumbai, Maharashtra

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Reserve Price
1,70,00,000
Reserve Price
1,70,00,000
EMD Required
17,00,000
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: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

Important Dates

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

Bid Start Date:2025-11-10

Property Description

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

Auction Description

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

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : Regional office

Service Provider:BAANKNET

Contact Details:

Basu

Contact no:+912222040541

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