Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612420
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, put up for auction by the Bank of India. The property is part of a SARFAESI auction process. It represents 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-10, Building No-30, Situated at Purna Nagar Complex, Purna Nagar Complex, near Old RTO Office, Chinchwad, Chikhliroad, Pune, Chinchwad, Pune
Building/Society:Building No-30, Situated at Purna Nagar Complex
Auction Description
The Bank of India is conducting an SARFAESI auction for a residential flat in Chinchwad, Pune. The auction will take place on 09-12-2025, commencing at 11:00 AM and concluding at 05:00 PM. The reserve price for this property is ₹33,00,000.0, with an Earnest Money Deposit (EMD) of ₹3,30,000.0 required to participate.
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, a flat in Chinchwad, Pune, is offered at a reserve price of ₹3300000.0, which seems reasonable for the area. However, the symbolic possession status adds a layer of risk. A calculated approach is recommended, assessing the encumbrances before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
