Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:609181
Bank Name:Federal Bank
Branch Name:LCRD - Mumbai Division
Reserve Price:₹2,97,000
EMD:₹29,700
Bid Increment:₹1,000
Auction Time:11:30 AM to 1:30 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-12-01
Bid Start Date:2025-12-02
Property Description
This is a Federal Bank SARFAESI auction for a vehicle located in Mumbai City, Mumbai, Maharashtra. The property is identified as belonging to borrower Mr. Sayyed Saleem Chand. This is an excellent opportunity to acquire a vehicle through a transparent auction process.
State:Maharashtra
City:Mumbai
Area:Mumbai City
Asset Category:Vehicle Auctions
Full Address:Plot No. 1, AL Barkat Bunglow, Ashoka Marg, Pakhal Road, Dwarka, Nasik, Maharashtra – 422011 and Flat No. 403, Paradise Meadows, Royal Colony, Rehnuma Nagar, Pakhal Road, Nashik, Maharashtra 422011, Mumbai City, Mumbai
Auction Description
Federal Bank presents a SARFAESI auction for a vehicle in Mumbai City, Mumbai. The auction will commence on 02-12-2025 at 11:30 AM and conclude on 02-12-2025 at 01:30 PM. The reserve price for this auction is INR 297,000.0, with an EMD (Earnest Money Deposit) of INR 29,700.0 required. All interested parties are invited to participate.
Borrower Name:Mr. Sayyed Saleem Chand
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Mosmapravin Saleem Sayyed
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The auction presents a calculated risk given the specific nature of the collateral (vehicles). The price is relatively low, but potential buyers need to factor in maintenance and resale considerations. This is a local opportunity for someone in the transportation business.
Contact Details
Branch:Branch Office : LCRD - Mumbai Division
Service Provider:drt.auctiontiger.net
Contact Details:
Lecin C
Contact no:8828226729
