Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609203
Bank Name:Punjab National Bank
Branch Name:ARMB : Kolhapur
Reserve Price:₹1,15,00,000
EMD:₹11,50,000
Bid Increment:₹25,000
Auction Time:11.00 A.M. to 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Solapur, Maharashtra. The property is being auctioned by Punjab National Bank as part of a SARFAESI action. The flat is situated in the city of Solapur, offering a potential residential opportunity in the region. The borrower associated with this asset is Mr. Harish Javerchand Gala. The auction presents an opportunity to acquire a flat in Solapur.
State:Maharashtra
City:Solapur
Area:Solapur
Asset Category:Residential
Full Address:Flat No 6, Anusha Apartment, Railway Line, Solapur, Railway Line, Solapur
Building/Society:Anusha Apartment
Size:371.00 Sq. Mtrs
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential flat in Solapur, Maharashtra. The auction will commence on November 26, 2025, at 11:00 AM and conclude on the same day at 04:00 PM. The reserve price for this auction is ₹1,15,00,000, with an Earnest Money Deposit (EMD) of ₹11,50,000 required. This is a significant opportunity for potential buyers interested in acquiring property in Solapur through a bank auction.
Borrower Name:Mr. Harish Javerchand Gala
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Heena Harish Gala
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a known apartment, but the symbolic possession and encumbrance status requires careful consideration. The reserve price appears reasonable for the location and size, suggesting a potential for value appreciation if the encumbrances are minimal. This opportunity is recommended for investors who can do due diligence.
Contact Details
Branch:Branch Office : ARMB : Kolhapur
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —
