Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609290
Bank Name:Pegasus Asset Reconstruction Pvt. Ltd
Branch Name:Mumbai
Reserve Price:₹40,25,000
EMD:₹4,02,500
Bid Increment:₹50,000
Auction Time:12:00 noon to 01:00 pm
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-06
Bid Start Date:2025-11-07
Property Description
This is a residential flat located in Somalwada, Nagpur, Maharashtra. The property is being auctioned by Pegasus Asset Reconstruction Pvt. Ltd. as part of a SARFAESI auction. It presents an opportunity to acquire a flat in a developed area of Nagpur.
State:Maharashtra
City:Nagpur
Area:Somalwada
Asset Category:Residential
Full Address:601, Kanchanganga Estate, Apartment No. 601, Kanchanganga Estate, Plot Nos. 1, Shree Dutta Vihar, Somalwada, Shri Bhaskarrao Porkute Patil Nagar, Somalwada, Nagpur
Building/Society:Kanchanganga Estate
Size:75.4015 sq. mtr.
Auction Description
Pegasus Asset Reconstruction Pvt. Ltd. is conducting a SARFAESI auction for a residential flat in Somalwada, Nagpur. The auction will take place on November 7, 2025, starting at 12:00 PM and concluding at 01:00 PM. The reserve price for this auction is INR 40,25,000, with an Earnest Money Deposit (EMD) of INR 4,02,500 required to participate.
Borrower Name:TristarRetailConceptsPvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Kamal Shantilal Kothari, Mrs. Preeti Kamal Kothari, Primus Realtors Pvt. Ltd., Tristar Retail Limited
Legal Details
Possession Status:Physical
Encumbrance Details:Rs. 2,77,500/- of society maintenance dues and Rs. 91,202/- of property tax pending with Nagpur Municipal Corporation as on August, 2025
Why This Property
This Somalwada flat presents a decent opportunity given its size and location in Nagpur. The price appears reasonable. However, potential society dues and property tax need careful evaluation.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:drt.auctiontiger.net
Contact Details:
Siddhesh Pawar
Contact no:9029687504
