Bank auction
Cholamandalam Investment And Finance Company Limited Commercial Shop Auction in Ulhasnagar, Thane
Bank auction by Cholamandalam Investment And Finance Company Limited in Thane, Maharashtra. Reserve price ₹1.5435 Cr.
Auction facts
- Bank
- Cholamandalam Investment And Finance Company Limited
- Branch
- Corporate Office : Chennai
- Reserve price
- ₹1.5435 Cr
- EMD
- ₹15.435 L
- Auction date
- 14-10-2026 11:00 AM
- End time
- 14-10-2026 12:00 PM
- Submission date
- 13-10-2026 05:00 PM
- Auction type
- SARFAESI Auction
- Service provider
- bankauctions.in
- Auction ID
- 864963
- Property type
- Commercial Shop
- Borrower
- M/s. Kumar Department Stores
Property
- Area
- Ulhasnagar
- City
- Thane
- State
- Maharashtra
Notice
- Contact
- Contact Mr. Abhijit Deshpande-Ph. 9867000553.
Bid timing & possession
Bid / application deadline: 13 Oct 2026 — Closed on 13 Oct 2026
Physical Physical possession: the lender's notice records that the bank has taken vacant possession of the asset.
Published reserve ₹1.5435 Cr is 641% above the same locality median of ₹20.84 L (n=7 comparable live notices).
EMD calculator
- Reserve: ₹1.5435 Cr
- EMD: ₹15.435 L (10%)
- Remaining (reserve − EMD): ₹1.38915 Cr
Before you bid — checklist
- Valid PAN card
- KYC documents as required by the lender
- EMD payment through the lender's authorised channel
- Registration on the bank's e-auction portal
Description
All the part and parcel of land and building at Shop No. 3 admeasuring to an extent of 2302 Sq. Ft. (including LOFT area 630 Sq. Ft.) on the Ground Floor, Praveen International Hotel, Plot No. 168 (P), CTS No. 12717 (P) and Sheet No. 32 & 52 located near Vithalwadi Station, Opp. Sai Plaza Hotel, Ulhasnagar-421003 situates within the Sub Registration limit of Ulhasnagar I.
Bid questions, from this notice
How much EMD does this notice publish?
The published Earnest Money Deposit is ₹15.435 L. Deposit it only through the lender's authorised channel after confirming the current sale notice.
What reserve price will my bid be tested against?
The lender published a reserve price of ₹1.5435 Cr for this asset. Bids below the published reserve are not accepted in e-auctions.
When is the bid / application deadline?
The published bid / application deadline was 13 Oct 2026 — that window has closed.
When is the auction scheduled?
The auction is dated 14 Oct 2026 on the published notice. Confirm the current schedule with the lender before bidding.
What does the possession status on this notice mean?
Physical possession: the lender's notice records that the bank has taken vacant possession of the asset.
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