Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613788
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹20,00,000
EMD:₹2,00,000
Auction Time:12:00 PM to 01:00 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 Makhmalabad, Nashik, Maharashtra, offered for sale through a SARFAESI auction by Canara Bank. The property is associated with the borrower M/s Saptshrungi Traders. Ideal for individuals seeking a home in a developing area of Nashik.
State:Maharashtra
City:Nashik
Area:Makhmalabad
Asset Category:Residential
Full Address:1, Heramb Apartment, Residential Flat no.1, Ground floor, Heramb Apartment, constructed on plot no. 3, S. No. 436, Makhmalabad Shivar, Makhmalabad-Masul Road, Makhmalabad, Nasik, Makhmalabad, Nashik
Building/Society:Heramb Apartment
Size:102.68 sq. mts.
Auction Description
Canara Bank is conducting an e-auction for a residential flat in Makhmalabad, Nashik under SARFAESI proceedings. The auction has a reserve price of INR 2,000,000 and requires an Earnest Money Deposit (EMD) of INR 200,000. Bidders are encouraged to conduct their due diligence. The auction will take place online on November 25, 2025, between 12:00 PM and 1:00 PM.
Borrower Name:M/s Saptshrungi Traders
Auction Type:SARFAESI Auction
Guarantor Names:Dhananjay Ramdas Dhondage
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a decent investment opportunity due to its location in Nashik and the relatively affordable reserve price. However, further due diligence is recommended to assess local market conditions and potential appreciation. The physical possession status is favorable, yet the 'Not Known to Bank' encumbrance detail suggests caution.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
