Flat for auction 5 Shamrao Shelke Commercial, Shahuwadi, Kolhapur by Axis

This attractive residential flat, Flat No. SE-5 on the 2nd Floor of Wing E within the Shamrao Shelke Commercial & Residential Complex, offers a compelling entry point into the Kolhapur real estate market for new buyers. Located in At.Bambawade, Tal.Shahuwadi, Kolhapur 416213, Maharashtra, the property boasts a comfortable carpet area of 53.81 Sq. Mtrs., equating to a saleable area of 69.95 Sq. Mtrs., making it an ideal size for individuals or small families. Its strategic location in Shahuwadi provides potential for future growth and access to local amenities. As a bank auction property, it often presents a more competitive pricing opportunity compared to conventional market listings, allowing first-time homebuyers to potentially acquire an asset below market value. The clear title associated with bank-auctioned properties provides an added layer of security, making this an excellent prospect for long-term residency or investment.

This bank auction, facilitated by Axis Bank and managed by bankeauctions.com/C1 India, presents a straightforward opportunity for new property buyers. The SARFAESI auction for this flat in Shahuwadi, Kolhapur, is scheduled to commence on July 23, 2025, at 12:00 PM, concluding promptly at 01:00 PM on the same day. Prospective bidders must submit their applications by July 22, 2025, at 05:00 PM. A Reserve Price of INR 1,463,832.00 has been set, requiring an Earnest Money Deposit (EMD) of INR 146,384.00, which is typically 10% of the reserve price and is refundable if unsuccessful. New buyers are strongly advised to conduct thorough due diligence, including physical inspection of the property and a detailed review of the auction terms and conditions. For specific inquiries and assistance, contacting the branch manager directly is recommended, ensuring a clear understanding of the process before participating.