Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614097
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹18,00,000
EMD:₹1,80,000
Bid Increment:₹18,000
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:28-11-2025 11:00 AM
Property Description
A residential flat located in the Padampura area of Aurangabad, Maharashtra. This property is being auctioned by Union Bank of India under SARFAESI regulations. It presents a great opportunity for home ownership or investment in a well-connected locality. The flat is part of a residential asset category. The reserve price for this auction is INR 1,800,000, with an Earnest Money Deposit (EMD) of INR 180,000 required.
State:Maharashtra
City:Aurangabad
Area:Padampura
Asset Category:Residential
Full Address:22, Yash Residency, Flat No. 22, Stilt 2-floor in Yash Residency, Situated at Padampura, CTS No. 19920, Tal & Dist. Aurangabad., Padampura, Aurangabad
Building/Society:Yash Residency
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Padampura, Aurangabad, Maharashtra. The auction will take place on November 28, 2025, starting at 11:00 AM and concluding at 05:00 PM on the same day. This is a sealed bid auction. The reserve price is set at INR 1,800,000, and interested bidders must submit an EMD of INR 180,000. This is a prime opportunity to acquire a property through a transparent bank auction process.
Borrower Name:Mr. Ravindra Ratanlala Morwal
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Anuradha Ravindra Morwal
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Aurangabad, offering a decent investment opportunity. The reserve price is moderate, and the physical possession is a positive factor. However, further due diligence is recommended to assess market value and potential returns.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
Contact no:9561610798
