CommercialUpcoming auctionVerified listing
Commercial in Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078.
Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078., Mumbai
Reserve price
₹1.10 Cr
Auction date
17 Mar 2026
11:00 AM
EMD deadline
16 Feb 2026
3:00 PM
Bid increment
₹2,00,000.00
Location details
Property Address
Galas No.43 (Built up area 1232) on 2nd Floor, B Building, Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078.
Locality: Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078.
City: Mumbai
District: Mumbai Suburban
State: Maharashtra
Pin Code: 400078
Country: India
Nearest Airport / Railway Station / Bus Stand
Bhandup
Auction timeline
Auction starts
17 Mar 2026 at 11:00 AM
Auction ends
17 Mar 2026 at 3:00 PM
EMD submission deadline
16 Feb 2026 at 3:00 PM
EMD must be submitted before this time to be eligible to bid.
Property overview
Type
Commercial
Sub Type
Shops
Possession Status
Physical
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Leasehold
Title Deed Type
Others (Property Mortgage by M/s. Sharad Construction Co.)
Property Price
₹1.10 Cr
Property Identifiers
Bank Property ID
SBINVARSHAGALA43
CERSAI ID
432036659995
Collateral ID
77186798538B
Property Images
Price history
1 previous auctions₹1,10,00,000.00
16 Feb 2026
Commercial
State Bank of IndiaPossession: PhysicalBorrower & Loan details
Borrower Name
VARSHA CORPORATION LIMITED
Registered Address of Borrower
Varsha Corporation Ltd
A Wing, 401-H, 4th Floor, Jaswanti Allied Business Centre, Kanchpada, Ramchandra Extension, Malad (west),
Mumbai-400062
Owner
M/s. Sharad Construction Co.
Ownership of Property
Guarantor Cum Mortgagor
NPA Amount
₹47.74 Cr
NPA Date
15 Dec 2013
Ownership Type
Leasehold
Title Deed
Others
Asset Type
Immovable
Collateral ID
77186798538B
Customer ID
85000387392
Demand Notice
Notice Date
15 Feb 2016
Notice Amount
₹47.74 Cr
Asset Classification
Classification Date
20 Mar 2019
Classification ID
1
Possession Dates
Physical
31 Oct 2019
Additional details
Property USP
Galas No.43 (Built up area 1232) on 2nd Floor, B Building, Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078.
Description
Galas No.43 (Built up area 1232) on 2nd Floor, B Building, Sharad Industrial Estate, 140 lake Road, Near Police Station, Bhandup (West), Mumbai-400078.
EMD Schedule
EMD Start
27 Feb 2026
2:18 PM
EMD Deadline
27 Feb 2026
3:00 PM
Payment Deadline
16 Feb 2026
Inspection Schedule
Inspection Start
13 Mar 2026
2:00 PM
Inspection End
13 Mar 2026
4:00 PM
Officer Details
Authorized Officer
Arvind Kaushik
Authorised Officer - Scale - V - AGM
Dealing Officer
Rajesh Kandharkar
Auction Rules
Type of Action
Under SARFAESI
Bid Increment
₹2,00,000.00
Extension Increment
₹2,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes
Ownership & Legal
Ownership Type
Leasehold
Title Deed Type
Others (Property Mortgage by M/s. Sharad Construction Co.)
Asset Type
Immovable
Collateral ID
77186798538B
CERSAI ID
432036659995
Property ID
SBINVARSHAGALA43
Nearby Amenities
Nearest Station
Bhandup
Property Images
State Bank of India
Verified seller
Branch: SAMB MUMBAI-04107
IFSC: SBIN
Bank contact
+91 70453 56487+91 90497 57700
Branch Address
THE ARCADE, 2ND FLOOR, WORLD
TRADE CENTRE, CUFFE PARADE,
COLABA,, MAHARASHTRABranch IFSC
SBIN0004107Department
SAMB MUMBAI-04107