Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612096
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹15,00,000
EMD:₹1,50,000
Auction Time:12:00 pm to 1:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential flat located in Shirur, Pune, Maharashtra, being auctioned by Canara Bank under the SARFAECSI Act. The property was formerly owned by Mrs. Mehrunnisa Rafik Patel. It presents an opportunity for potential buyers to acquire a flat in a well-known area of Pune.
State:Maharashtra
City:Pune
Area:Shirur
Asset Category:Residential
Full Address:002, Classic Apartment, Flat No 002, Classic Apartment, Plot No 5A & 5B of survey No 280/3, Joshiwadi /Shirur Bypass area, Joshiwadi /Shirur Bypass area, Pune
Building/Society:Classic Apartment
Size:53.90 Sq Mtr
Auction Description
Canara Bank is conducting an e-auction for a residential flat in Shirur, Pune, under the SARFAECSI Act. The reserve price is set at ₹15,00,000, with an Earnest Money Deposit (EMD) of ₹1,50,000 required. The auction will take place on November 25, 2025, from 12:00 PM to 01:00 PM. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.
Borrower Name:Mrs. Mehrunnisa Rafik Patel
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rafik Ajmuddin Patel
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable opportunity given its location in Shirur, Pune, and a relatively affordable reserve price. The symbolic possession status introduces some risk, but the property's size and the ongoing development in the Shirur area could lead to potential appreciation. It's a calculated opportunity best suited for investors willing to take on moderate risk.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
