Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612404
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
A residential flat located in Chinchwad, Pune, Maharashtra, is being auctioned by the Bank of India. This property is offered under the SARFAESI Act, presenting a significant opportunity for potential buyers. The area is a well-known locality within Pune, offering convenience and accessibility. The asset category is residential, making it suitable for personal use or investment purposes.
State:Maharashtra
City:Pune
Area:Chinchwad
Asset Category:Residential
Full Address:07, Purna Nagar Complex, Building No-28, Flat No-07, 2nd Floor, 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. 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 December 9, 2025, commencing at 11:00 AM and concluding at 05:00 PM on the same day. This is a prime opportunity to acquire property in a developing area of Maharashtra.
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's location in Chinchwad, Pune, offers a decent investment potential, but the symbolic possession indicates a need for further due diligence. The reserve price and EMD are relatively moderate, presenting a calculated risk for interested buyers. Further inspection and understanding of the encumbrances are essential before making a decision.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
