How to bid for SBI e-Auction flats and land in Mumbai & Navi Mumbai March 2016


Want to buy prime land or a premier flat in Mumbai or in Navi Mumbai, Maharashtra? This article provides guidelines on how to participate in the upcoming SBI mega e-auction of flats in Bandra, Sanpada, Thane & Kharghar and land in Vashi & Thane scheduled for this month.

State Bank of India (SBI) is putting up prime properties in Mumbai and Navi Mumbai for e-auction this month. That is, you can bid for the auction online. These properties are being put up for auction to recover the bank's non-performing assets without the need for legal intervention under the SARFAESI Act, 2002 (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act).

The earlier e-auction of property in various parts of India was conducted in January this year. This month, specific prime properties in Mumbai and Navi Mumbai are available for acquiring through an auction.

List of properties

  1. Flat at Krishna Palace, Kharghar
    • Auction ID: 34155

    • Reserve price: 6000000

    • EMD Amount: 600000

    • Last date of e-Tender form & EMD submission: 16/03/2016, up to 04:00pm

    • Auction Start date & Time: 18/03/2016 12:00pm

    • Auction End date & Time: 18/03/2016 02:00pm

    • Contact Person for support: Mr. Jayesh Shrivastava 079-402308 13/14/15/16/17/18/19/20 // Email: jayesh.shrivastav@auctiontiger.net

    Notes: (i) Mobile bidding not allowed; (ii) Digital certificate not required.



  2. Flat at Pinto Park View, Linking Road, Bandra (West), Mumbai
    • Auction ID: 34154

    • Reserve price: 40600000

    • EMD Amount: 4060000

    • Last date of e-Tender form & EMD submission: 16/03/2016, up to 04:00pm

    • Auction Start date & Time: 18/03/2016 12:00pm

    • Auction End date & Time: 18/03/2016 02:00pm

    • Contact Person for support: Mr. Jayesh Shrivastava 079-402308 13/14/15/16/17/18/19/20 // Email: jayesh.shrivastav@auctiontiger.net

    Notes: (i) Mobile bidding not allowed; (ii) Digital certificate not required.

  3. Flat at Vihang Garden, Vartak Nagar, Thane
    • Auction ID: 34153

    • Reserve price: 10200000

    • EMD Amount: 1020000

    • Last date of e-Tender form & EMD submission: 16/03/2016, up to 04:00pm

    • Auction Start date & Time: 18/03/2016,12:00pm

    • Auction End date & Time: 18/03/2016,02:00pm

    • Contact Person for support: Mr. Jayesh Shrivastava 079-402308 13/14/15/16/17/18/19/20 // Email: jayesh.shrivastav@auctiontiger.net

    Notes: (i) Mobile bidding not allowed; (ii) Digital certificate not required.

  4. Commercial Land and Building at Palm Beach Road, Vashi
    • Auction ID: 34156

    • Reserve price: 63000000

    • EMD Amount: 6300000

    • Last date of e-Tender form & EMD submission: 16/03/2016, up to 04:00pm

    • Auction Start date & Time: 18/03/2016, 12:00pm

    • Auction End date & Time: 18/03/2016, 02:00pm

    • Contact Person for support: Mr. Jayesh Shrivastava 079-402308 13/14/15/16/17/18/19/20 // Email: jayesh.shrivastav@auctiontiger.net

    Notes: (i) Mobile bidding not allowed; (ii) Digital certificate not required.

  5. Plot of land at Ghodbunder Road, Thane
    • Auction ID: 34152

    • Reserve price: 61100000

    • EMD Amount: 6110000

    • Last date of e-Tender form & EMD submission: 16/03/2016, up to 04:00pm

    • Auction Start date & Time: 18/03/2016, 12:00pm

    • Auction End date & Time: 18/03/2016, 02:00pm

    • Contact Person for support: Mr. Jayesh Shrivastava 079-402308 13/14/15/16/17/18/19/20 // Email: jayesh.shrivastav@auctiontiger.net

    Notes: (i) Mobile bidding not allowed; (ii) Digital certificate not required.

  6. Flat at Kshitij, Palm Beach Road, Sanpada
    • Auction ID: 34672

    • Reserve price: 18231000

    • EMD Amount: 1823100

    • Last date of e-Tender form & EMD submission: 23/03/2016 up to 04:00pm

    • Auction Start date & Time: 29/03/2016, 12:00pm

    • Auction End date & Time: 29/03/2016, 02:00pm

    • Contact Person for support: Hardik Gadge 079-40230836/ 34/35/16/15/14/19/20/22/18/39/40/38 // Email: hardik.gadge@auctiontiger.net

    Notes: (i) Mobile bidding is allowed; (ii) Digital certificate not required.

How to bid

  1. Visit the official website: https://sbi.auctiontiger.net/

  2. In the search box type the Auction ID number.

  3. You will see the page listing the property, with the property name. Click on that and you will be taken to the page which lists the name of the borrower, the type of property & its location, date assigned to inspect the property, the reserve price & EMD amount, auction dates and times, etc.

  4. Participate in the auction as per the schedule.

Before you participate, check out a few tips in a previous article, which mentions What to consider before bidding.

Contact information

Stressed Assets Recovery Branch,
Thane
Ph: 022-25806810 / 61
Email: sarc.thane@ sbi.co.in

Note: Information given here about the list of properties has been taken from the advt. in Times of India, Mumbai edition, dt. 29/02/2016, page17 . Bidders are advised to check the official website for details & updates on the e-auction.


Article by Vandana
Vandana is based in India with over 15 years experience as a freelance writer. Writing, no doubt, is her primary passion! Having learned the art of blogging from ISC, Vandana is enjoying the thrills of blogging, taking pleasure in sharing information & getting good pageviews at her various blogs.

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