Flat for Auction Panvel Raigad 1 Crore by Edelweiss Asset Reconstruction Company Limited 415406

Quick read

• ▸Possession: Symbolic
• ▸Area: 936 sq. ft.
• ▸Locality: Panvel
• ▸Reserve: ₹1,00,15,000
• ▸EMD: ₹10,01,500

About this property

Flat bank auction in Panvel, Raigad by Edelweiss Asset Reconstruction Company Limited — reserve price ₹1,00,15,000, 936 sq. ft., Symbolic possession.

Explore this prime bank auction property featuring a residential flat for sale in Durgaprasad, Panvel, Raigad. This 936 sq. ft. flat is located in a well-established area within the Panvel Municipal Council limits. Being managed by Edelweiss Asset Reconstruction Company Limited, this auction offers a significant opportunity for investors looking for property in Raigad. The flat is situated on the first floor of the Durgaprasad building, part of the Middle Class Co-operative Housing Society. With a reserve price of ₹1,00,15,000, this asset represents a competitive bid in the current real estate market. Interested buyers should note the symbolic possession status and the association with Union Bank of India. Don't miss out on this bank auction property opportunity in Panvel to secure a residential asset at a strategic location.

GeoSquare note: The property is located in a well-connected area of Panvel, making it a decent residential investment. However, the symbolic possession status necessitates due diligence regarding legal clearance and eviction processes. The reserve price is competitive for the locality, but investors should account for the existing 'pari-passu' encumbrance with Union Bank of India.