Central Bank of India Commercial Office Auction in Wanleswadi, Sangli

This commercial office unit, identified as Office Unit No. 07 on the Second Floor of Govind Plaza Apartment, presents an excellent investment opportunity for new property buyers. Situated strategically in Wanleswadi, within the vibrant limits of Sangli, Miraj & Kupwad City Municipal Corporation in Sangli, Maharashtra, this property offers a built-up area of 21.60 Sq. Mtrs, with a RERA carpet area of 20.29 Sq. Mtrs. Its prime location in a developed commercial hub ensures high visibility and accessibility, making it ideal for various business operations, from professional services to small enterprises. The "Govind Plaza Apartment" complex adds to its appeal, promising a well-maintained and professional environment. This asset, previously owned by M/S HGL Design, is an attractive prospect for those looking to establish or expand their commercial footprint in a growing tier-2 city. Its compact yet functional design makes it a cost-effective entry point into the commercial real estate market, promising potential for capital appreciation and rental income.

For new property buyers considering this exciting opportunity, it's crucial to understand the auction specifics. This is a SARFAESI Auction, conducted by the Central Bank of India, ensuring a transparent and legally robust process for distressed asset recovery. The auction for this commercial office unit is scheduled for February 28, 2025, commencing at 10:00 AM and concluding at 05:00 PM. A Reserve Price of INR 2,242,000.00 has been set, requiring an Earnest Money Deposit (EMD) of INR 224,200.00 to participate. Prospective bidders must submit their applications by February 27, 2025, 05:00 PM. We strongly advise conducting thorough due diligence, including legal and physical verification of the property, prior to bidding. For any queries regarding the auction process or the property, prospective bidders are encouraged to contact Mr. Prabhunath Chaudhary directly at 9934209899, representing the bank’s RECOVERY DEPARTMENT, REGIONAL OFFICE, SOLAPUR. The auction is facilitated by the service provider ebkray, highlighting a streamlined online bidding experience.