Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609222
Bank Name:Punjab National Bank
Branch Name:ARMB : Kolhapur
Reserve Price:₹18,90,000
EMD:₹1,89,000
Bid Increment:₹1,000
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 Majarewadi, Solapur, Maharashtra, being auctioned by Punjab National Bank under SARFAESI laws. The property is part of a bank auction and represents an opportunity for potential buyers to acquire a flat in this region.
State:Maharashtra
City:Solapur
Area:Majarewadi
Asset Category:Residential
Full Address:501, Jay Plaza, Flat No. 501, 5th floor, Jay Plaza, Old C.T.S No. 284, New C.T.S No. 6/5B, 6/6, 6/7A in that Chougle Park, Majrewadi, Hotgi Road 'North Solapur', Majarewadi, Solapur
Building/Society:Jay Plaza
Size:62.38 Sq. Mtrs
Auction Description
Punjab National Bank is conducting an e-auction for a residential flat in Majarewadi, Solapur, Maharashtra. The auction will take place on November 26, 2025, from 11:00 AM to 04:00 PM. The reserve price is ₹18,90,000, with an Earnest Money Deposit (EMD) of ₹1,89,000. This SARFAESI auction offers a chance to bid on the property belonging to Mr. Vinit Mathapati.
Borrower Name:Mr. Vinit Mathapati
Auction Type:SARFAESI Auction
Guarantor Names:Bhagyashree Vinit Mathapati
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known
Why This Property
This flat in Majarewadi presents a calculated opportunity due to its manageable size and location in Solapur. The reserve price appears reasonable, but potential investors should thoroughly investigate the property's condition and market value before bidding. The physical possession status adds a positive aspect to the investment.
Contact Details
Branch:Branch Office : ARMB : Kolhapur
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —
