Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612401
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. It is being auctioned by the Bank of India under the SARFAESI Act. The property is being offered as part of a bank auction to recover dues from M/s. Mathurabai Rambhau Narkhede Memorial Trust.
State:Maharashtra
City:Pune
Area:Chinchwad
Asset Category:Residential
Full Address:10, Purna Nagar Complex, Building No-28, Flat No-10, Situated at Purna Nagar Complex, near Old RTO Office, Chinchwad, Chikhliroad, Pune., Chinchwad, Pune
Building/Society:Purna Nagar Complex
Auction Description
The Bank of India is conducting an online SARFAESI auction for a residential flat in Chinchwad, Pune, Maharashtra. The auction will take place on December 9, 2025, from 11:00 AM to 5:00 PM. The reserve price for this auction is ₹3,300,000, with an Earnest Money Deposit (EMD) of ₹330,000 required to participate. This is a prime opportunity to acquire a property in a developed area of Pune.
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 flat in Chinchwad presents a reasonable opportunity given its location and reserve price. While the symbolic possession indicates potential complexities, the price point might attract investors willing to navigate these challenges. A calculated risk due to the procedural aspects, but potentially rewarding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
