Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612392
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹33,00,000
EMD:₹3,30,000
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:09-12-2025 11:00 AM
Property Description
This is a residential flat located in Chinchwad, Pune, Maharashtra, brought to auction by the Bank of India. The property is offered under the SARFAESI Act. It represents an excellent opportunity for homebuyers or investors looking for a property in a well-established area of Pune.
State:Maharashtra
City:Pune
Area:Chinchwad
Asset Category:Residential
Full Address:08, Building No-27, Purna Nagar Complex, near Old RTO Office, Chinchwad, Chikhliroad, Pune, Chinchwad, Pune
Building/Society:Building No-27
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Chinchwad, Pune. The auction is scheduled for December 9, 2025, starting at 11:00 AM and concluding at 5:00 PM on the same day. The reserve price for this auction is INR 33,00,000, with an Earnest Money Deposit (EMD) of INR 3,30,000 required to participate. This is a sealed bid auction. Successful bidders will be required to pay 25% of the bid amount immediately upon bid acceptance and the balance within 15 days.
Borrower Name:M/s. Mathurabai Rambhau Narkhede Memorial Trust
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity due to its location in Chinchwad, Pune, and the competitive reserve price. While a flat, the symbolic possession introduces some risk, but the price point could offset this for a savvy investor. Further due diligence is essential.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
