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

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 located in the heart of Panvel, Raigad. This residential flat, situated on the first floor of the Durgaprasad building, offers a carpet area of 936 sq. ft. within the established Middle Class Co-operative Housing Society. Ideally located near Vasudev Balvant Phadke Marg, this property provides excellent connectivity within Panvel Municipal Council limits. With a reserve price of ₹1,00,15,000, this asset represents a significant investment opportunity for homebuyers and investors looking for residential spaces in a developing suburban corridor. Interested bidders should note the auction details and the symbolic possession status. Secure your chance to own a home in a well-connected locality through this transparent Edelweiss Asset Reconstruction Company e-auction process.

GeoSquare note: The property is located in a well-established area of Panvel with a decent size for residential use. However, the rating is tempered by the 'Symbolic' possession status, which may involve longer legal timelines for actual physical handover. It remains a fair option for investors comfortable with the recovery process.