Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:609798
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹18,38,000
EMD:₹1,83,800
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:14-11-2025 12:00 PM
Property Description
This is a residential flat located in Haveli, Pune, Maharashtra. The property is being auctioned by Union Bank of India under SARFAESI rules. It presents an opportunity for buyers seeking real estate in the Pune region.
State:Maharashtra
City:Pune
Area:Haveli
Asset Category:Residential
Full Address:1, Muktai Palace, Flat No. 1, Building A, Muktai Palace, Village Phursungi, Tal Haveli, Dist. Pune-412 308, Phursungi, Pune
Building/Society:Muktai Palace
Size:54.46 Sq. Mtrs.
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a residential flat in Haveli, Pune. The auction will take place on November 14, 2025, from 12:00 PM to 5:00 PM. The reserve price is INR 18,38,000, with an Earnest Money Deposit (EMD) of INR 1,83,800. This is a bank-initiated auction due to loan default by the borrower, Mr Faiyyaj Balubhai Pathan.
Borrower Name:Mr Faiyyaj Balubhai Pathan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing locality of Pune. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence on the property and local market conditions before bidding. Symbolic possession adds an element of risk.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
