Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614093
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹5,40,000
EMD:₹54,000
Bid Increment:₹6,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
A residential flat located in the Chh. Sambhajinagar area of Aurangabad, Maharashtra. This property is being auctioned by Union Bank of India under the SARFAESI Act. The property was formerly owned by M/s. Welcome Fabrication. Ideal for individuals or families seeking a home in a developing urban locale.
State:Maharashtra
City:Aurangabad
Area:Chh. Sambhajinagar
Asset Category:Residential
Full Address:7, Square Plaza, Gut No 103/Part, Plot No 87 to 90, Flat No 7(Seven) admeasuring 300 Sq. Ft. Wing B on 2nd Floor in the Building Known as Square Plaza at Mitmita, Nasik Road, Mitmita, Nasik Road, Chh. Sambhajinagar
Building/Society:Square Plaza
Size:300 Sq.Ft.
Auction Description
Union Bank of India presents a SARFAESI auction for a residential flat in Chh. Sambhajinagar, Aurangabad, Maharashtra. The bidding starts with a reserve price of INR 5,40,000 and requires an Earnest Money Deposit (EMD) of INR 54,000. The auction will be conducted online on November 28, 2025, commencing at 11:00 AM and concluding at 5:00 PM. Interested bidders are advised to review all auction terms and conditions and conduct thorough due diligence.
Borrower Name:M/s. Welcome Fabrication
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Shaikh Azhar Shaikh Zafar
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The flat is located in Chh. Sambhajinagar and is being offered at a relatively low reserve price. However, the property size is small, and the lack of inspection details adds some uncertainty. It's a calculated opportunity for buyers looking for budget-friendly options.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
Contact no:956165834
