Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612407
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 under SARFAESI. The property is part of a bank auction initiated due to the default by M/s. Mathurabai Rambhau Narkhede Memorial Trust. This is an opportunity to acquire a property in a well-known area of Pune.
State:Maharashtra
City:Pune
Area:Chinchwad
Asset Category:Residential
Full Address:Flat No-06, Building No-29, Purna Nagar Complex, near Old RTO Office, Chinchwad, Chikhliroad, Pune, Chinchwad, Pune
Building/Society:Building No-29
Auction Description
Bank of India is conducting a SARFAESI auction for a residential flat in Chinchwad, Pune. The auction has a reserve price of INR 33,00,000 and requires an EMD of INR 3,30,000. The auction will take place on 09-12-2025, starting at 11:00 AM and concluding at 05:00 PM. Interested bidders should ensure they meet all pre-auction requirements.
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
This Chinchwad flat offers an affordable entry point into the Pune real estate market via bank auction. The symbolic possession indicates potential challenges. However, the relatively low reserve price of ₹3.3 million makes it a calculated opportunity for informed buyers.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
