Flat for Auction Erandwane Pune 4.2 Crore by Punjab National Bank 27 Mar 2026 3
Erandwane, Pune
Area: 48.77 sq. mtrs
Flat No. 12, Rachana Sanskruti, Sub Plot No. 1B out of Final Plot No. 117+121/2, now bearing CTS No. 85/2+83/1, village Erandwane, Taluka Haveli, District Pune
Punjab National Bank · ARMB
Reserve price
₹4,18,07,000
EMD ₹41,81,000
Auction date
27 Mar 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 48.77 sq. mtrs
- ▸Locality: Erandwane
- ▸Reserve: ₹4,18,07,000
- ▸EMD: ₹41,81,000
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Erandwane |
| Built-up / plot area | 48.77 sq. mtrs |
| Lender | Punjab National Bank |
| Branch | ARMB |
| Unit / flat no. | 12 |
| Building / society | Rachana Sanskruti |
| Floor | 3rd |
| Auction type | SARFAESI Auction |
| Service provider | BAANKNET |
About this property
Flat bank auction in Erandwane, Pune by Punjab National Bank — reserve price ₹4,18,07,000, 48.77 sq. mtrs, Symbolic possession.
Bank auction property in Pune! This residential flat, located in the Rachana Sanskruti building in Erandwane, Haveli, offers a built-up area of 525 sq. ft. (48.77 sq. mtrs). The auction by Punjab National Bank features a reserve price of ₹41,807,000 and an EMD of ₹4,181,000. The property is situated on the 3rd floor (Flat No. 12) and includes a 4.72% undivided share in common areas. This bank auction represents a unique opportunity for property investment in a prime Pune location. Auction Date: 2026-03-27.
GeoSquare note: The property is a flat in a decent location in Pune, but the symbolic possession and ongoing legal case (SA no 453/2025) add risk. The reserve price seems appropriate for the area, but potential buyers should conduct thorough due diligence regarding the legal status. Given these factors, it's a fair option with potential for value appreciation if the legal issues are resolved favorably.
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