Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609562
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹18,38,000
EMD:₹1,83,800
Bid Increment:₹25,000
Auction Time:12 NOON to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a residential flat located in Haveli, Pune, Maharashtra, offered for auction by Union Bank of India. The property is being sold under the SARFAESI Act. It represents an opportunity to acquire a home in a well-known area of Pune.
State:Maharashtra
City:Pune
Area:Haveli
Asset Category:Residential
Full Address:1, Muktai Palace, Flat No. 1, Building A, Muktai Palace, Survey No. 183 (old Sr. No. 154) Hissa No. 1A+1B/8A/7, Village Phursungi, Tal Haveli, Dist. Pune-412 308, Phursungi, Pune
Building/Society:Muktai Palace
Size:586 Sq Fts
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Haveli, Pune. The auction will take place on November 14, 2025, starting at 12:00 PM and concluding at 05:00 PM. The reserve price is set at INR 18,38,000, with an earnest money deposit (EMD) of INR 1,83,800 required to participate. This is a sealed bid auction.
Borrower Name:Mr Faiyyaj Balubhai Pathan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Gulnaaz Faiyyaj Pathan, Mr. Sachin Bhagwan Adsul
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a moderate investment opportunity. Its location in Phursungi, Pune, combined with a reasonable reserve price, makes it worth considering. However, potential investors should carefully assess the market conditions and associated costs before making a bid.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
