Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611309
Bank Name:Punjab National Bank
Branch Name:ARMB : Kolhapur
Reserve Price:₹27,00,000
EMD:₹2,70,000
Bid Increment:₹5,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in the Gandhi Nagar area of Kolhapur, Maharashtra. The property is being auctioned by Punjab National Bank. It is an excellent opportunity for homebuyers and investors to acquire a property in a developed locality.
State:Maharashtra
City:Kolhapur
Area:Gandhi Nagar
Asset Category:Residential
Full Address:102, Anjana Heritage, Flat 102, 1st Floor, C S No. 1940, Anjana Heritage, Valiwade, Gandhi Nagar, Kolhapur, Gandhi Nagar, Kolhapur
Building/Society:Anjana Heritage
Size:73.42 sq. mtr
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential flat in Gandhi Nagar, Kolhapur. The auction will take place on November 26, 2025, from 11:00 AM to 04:00 PM. The reserve price for this auction is ₹27,00,000, with an Earnest Money Deposit (EMD) of ₹2,70,000. This is a legal auction process initiated due to loan default by Sandeep Chandrakant Mandarekar.
Borrower Name:Sandeep Chandrakant Mandarekar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a flat in Gandhi Nagar, Kolhapur, offers a decent investment prospect. The reserve price seems reasonable for the location, however, the symbolic possession status indicates potential delays. This property is a calculated opportunity due to its manageable price and location balanced with the uncertainties of symbolic possession.
Contact Details
Branch:Branch Office : ARMB : Kolhapur
Service Provider:BAANKNET
Contact Details:
Abhijeet Katavare
Contact no: —
