Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613363
Bank Name:Punjab National Bank
Branch Name:ARMB : Kolhapur
Reserve Price:₹26,60,000
EMD:₹2,66,000
Bid Increment:₹10,000
Auction Time:11.00 A.M. to 4.00 P.M.
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 Mahad, Raigad, Maharashtra. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It is an excellent opportunity for individuals seeking a home or investment in this developing region. The property offers a blend of modern living and accessibility to local amenities.
State:Maharashtra
City:Raigad
Area:Mahad
Asset Category:Residential
Full Address:201, Chichkar Heights, FLAT 201 admeasuring 1000 Sq.Ft. (BUA), Second Floor, Chichkar Heights, Khrakand Mohalla, at CTS 615 A, 615 D, 615 E Mahad Taluka Mahad, Khrakand Mohalla, Mahad
Building/Society:Chichkar Heights
Size:1000 Sq.Ft.
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a residential flat in Mahad, Raigad, Maharashtra. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this auction is ₹26,60,000, with an Earnest Money Deposit (EMD) of ₹2,66,000 required to participate. This is a prime opportunity to acquire property through a transparent bidding process.
Borrower Name:M/s. Sai Prasad Construction
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ayyub Ibrahim Chichkar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property is a residential flat in Mahad, offered at a reasonable reserve price. While the location may not be prime, the property size and residential nature make it a calculated investment opportunity. Auction terms are standard, and further due diligence is recommended.
Contact Details
Branch:Branch Office : ARMB : Kolhapur
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —
