Flat for auction 502 Laxmi Height, Majrewadi, Solapur by Axis

Discover a prime residential opportunity in Solapur with this attractive 5th-floor flat, bearing No. 502, located within the esteemed "Laxmi Height" building in Majrewadi. This well-designed flat offers a comfortable carpet area of 50.54 Sq. Mtrs and a built-up area of 57.27 Sq. Mtrs, providing ample living space. Including common areas like staircase and lift, the total area extends to 67.38 Sq. Mtrs, ensuring a spacious and well-integrated living environment. Strategically situated in Majrewadi, North Solapur, within the extended area of the Solapur Municipal Corporation, the property benefits from urban amenities and excellent connectivity. This flat represents an ideal choice for first-time homebuyers or savvy investors seeking a valuable residential asset in a developing locale. Its placement in Maharashtra's vibrant real estate landscape promises a blend of tranquility and accessibility, making it a compelling proposition for those looking to establish roots in a burgeoning urban center, offering both comfort and potential appreciation.

Prospective buyers considering their first foray into bank auctions will find this Axis Bank SARFAESI auction particularly noteworthy. The property is offered at a competitive Reserve Price of INR 1,419,120.00, requiring an Earnest Money Deposit (EMD) of INR 141,912.00 to participate, which is standard practice to ensure serious bidding. The online auction will commence on July 23, 2025, at 12:00 PM, concluding promptly at 01:00 PM on the same day. It is imperative to submit applications by July 22, 2025, 05:00 PM, well in advance of the bidding window. Conducted through reputable service providers like bankeauctions.com and C1 India, the process ensures transparency and security for all participants. New buyers are strongly advised to conduct thorough due diligence, including legal and physical verification of the property, and to consult with the Axis Bank Branch Manager for any clarifications, as understanding these procedural aspects is key to navigating bank auctions successfully and potentially securing a property at an attractive valuation.