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Residential 🏛️ STATE BANK OF INDIA Possession: Physical

FLAT NO 905 in Bhiwandi

📍 Bhiwandi

FLAT NO 905 in Bhiwandi
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Property Description & SARFAESI Details

Repossessed distressed bank property under SARFAESI Act. Seized by STATE BANK OF INDIA. • Asset Category: Residential • Location: Bhiwandi • Detailed Address: FLAT NO 905, WING B, GAYTRI CLASSIC, SURVEY NO 9, VILLAGE FENE, NEAR COMMISSIONER BUNGLOW OPP. MANSAROVAR LAKE,BHIWANDI • Reserve Price: ₹3,700,000 • EMD Amount: ₹370,000 • Inspection Details: 07/07/2026 AT 11:00 AM TO 02:00 PM • Auction Schedule: 17/07/2026 AT 10:00 AM TO 04:00 PM All titles are pre-verified. Zero brokerage is charged. Contact Kubera Recovery Desk for complete bidding assistance, RTGS EMD transfers, and title reports.

Verified Geographical Location

📋 Kubera-Style e-Auction Participation Guide

Purchasing bank repossessed properties under the SARFAESI act requires specific legal procedures. Secure your purchase by navigating the timeline with our step-by-step pre-verified workflow:

1

Earnest Money Deposit (EMD) Transfer

Pay the EMD amount of ₹370,000 (10% of the reserve price) via RTGS/NEFT to the bank recovery account. Submit the Common Application Form (CAF), Annexure-II, and verified KYC to the nodal branch.

2

Designated e-Auction Bidding

Register on the bank's portal (MSTC, Auction Tiger, or C1 India). Bidding commences online on 17 Jul 2026. Bids start at the reserve price and progress in defined multipliers.

3

timeline Settlement & Registry Handover

Successful bidders pay 15% of bid value in 24 hours. The balance 75% is due within 15 days (expandable up to 90 days with bank consent). Upon completion, the bank issues the **Certificate of Sale** for legal registry.

📊 Auction Specifications

Reserve Price ₹3,700,000.00
EMD Amount ₹370,000.00
EMD Deadline 15 Jul 2026, 05:00 PM
Bid Increment ₹50,000
Auction Platform MSTC Limited
Auction Date 17 Jul 2026, 10:00 AM
👤 Nodal Officer Details
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