Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614633
Bank Name:ASREC (India) Ltd.
Branch Name:Reg. Office - Mumbai
Reserve Price:₹81,60,000
EMD:₹10,00,000
Bid Increment:₹1,00,000
Auction Time:10.00 AM to 12.00 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
Prime plot of land located in the highly sought-after Vile Parle area of Mumbai, Maharashtra. This residential land parcel presents a unique investment opportunity in a rapidly developing urban center. Ideal for developers or individuals looking to build their dream home in a well-connected and prestigious locality.
State:Maharashtra
City:Mumbai
Area:Vile Parle
Asset Category:Residential
Full Address:B-1, Varalakshmi Co-op. Hsg. Soc.Ltd., Storage No. B-1 at Basement, Varalakshmi Co-op Hsg. Soc.Ltd., constructed on land bearing Plot No.35 of Vile Parle and situated at Hanuman Road, Vile Parle (East), Mumbai-400057, Vile Parle, Mumbai
Building/Society:Varalakshmi Co-op. Hsg. Soc.Ltd.
Size:425 sq.ft.
Auction Description
ASREC (India) Ltd. presents a SARFAESI auction for a valuable land parcel in Vile Parle, Mumbai. The auction is scheduled for November 18, 2025, from 10:00 AM to 12:00 PM. The reserve price is set at ₹81,60,000, with an Earnest Money Deposit (EMD) of ₹10,00,000 required. This is a direct opportunity to acquire a significant asset from M/s Dhruv Enterprises.
Borrower Name:M/s Dhruv Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Dillip Amrutlal Dhruv, Mrs. Varsha Dillip Dhruv, Mr. Shubhang Dilip Dhruv, Ms. Siddhi Dilip Dhruv, Mr. Jayesh Rajnikant Sanghani, Mrs. Shweta Shubhang Dhruv, Mr. Dilip Amrutlal Dhruv, Mrs. Raksha H. Parekh, Mrs. Bina V. Shrimankar, Mrs. Nita R. Parekh, M/s Shubham Enterprises
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property, a storage unit in Vile Parle, offers a calculated investment opportunity due to its location and manageable size. While not a prime investment, the reserve price and auction terms suggest potential for value appreciation. Further due diligence is recommended to assess local market demand and growth prospects.
Contact Details
Branch:Branch Office : Reg. Office - Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Vikas Kanade
Contact no:9324237224
