FLAT NO. 703, FLOOR NO.7, PLOT NO. 16, RAM MANDIR, ADJACENT TO S.V. ROAD, CTS NO. 1B/1, VILLAGE – MAGATHANE, BORIVALI WEST
📍 BORIVALI WEST
Property Description & SARFAESI Details
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:
Earnest Money Deposit (EMD) Transfer
Pay the EMD amount of ₹1,735,500 (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.
Designated e-Auction Bidding
Register on the bank's portal (MSTC, Auction Tiger, or C1 India). Bidding commences online on 05 Sep 2026. Bids start at the reserve price and progress in defined multipliers.
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.