Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609505
Bank Name:India Shelter Finance Corporation Limited
Branch Name:Registered Office : Haryana
Reserve Price:₹16,00,000
EMD:₹1,60,000
Bid Increment:₹10,000
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-18
Bid Start Date:2024-11-08
Property Description
This is a residential flat located in Majrewadi, Solapur, Maharashtra. The property is being auctioned by India Shelter Finance Corporation Limited.
State:Maharashtra
City:Solapur
Area:Majrewadi
Asset Category:Residential
Full Address:02, Siddheshwar Complex, Flat No.02, in 'Siddheshwar Complex' Plot No. 78, Out Of Survey No.158/1/2(old survey no.301/1/2) Situated at Majrewadi, Tal North Solapur Dist Solapur, Majrewadi, Solapur
Building/Society:Siddheshwar Complex
Size:48.81 Sq Mtr
Auction Description
India Shelter Finance Corporation Limited is conducting a SARFAESI auction for a residential flat in Majrewadi, Solapur. The reserve price for this auction is ₹16,00,000, with an Earnest Money Deposit (EMD) of ₹1,60,000 required. The auction will take place on November 19, 2025, from 11:00 AM to 01:00 PM.
Borrower Name:Mrs. Varsha Udachan
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rajkumar Udachan
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable investment potential given its location in Solapur and the relatively affordable reserve price. However, the limited information and potentially lower demand in the area suggest a 'Calculated Opportunity', requiring careful due diligence. The auction terms are standard, but understanding local market dynamics is crucial.
Contact Details
Branch:Branch Office : Registered Office : Haryana
Service Provider:Public Auction
Contact Details:
Prakash Tandulkar
Contact no:7447426676
