Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614086
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹17,10,000
EMD:₹1,71,000
Bid Increment:₹18,000
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:28-11-2025 11:00 AM
Property Description
This SARFAESI auction features a valuable land and building asset located in Shrigonda, Ahmednagar, Maharashtra. The property is being auctioned by Union Bank of India and was formerly owned by Mr. Vithal Shankar Mane. It is classified as a residential asset, offering a prime opportunity for investment or development in a growing region. The property's strategic location in Ahmednagar district makes it an attractive prospect.
State:Maharashtra
City:Ahmednagar
Area:Shrigonda
Asset Category:Residential
Full Address:23, Indraprast Park, Mane Niwas, Indraprast Park, Shrigonda Road, At Post Kashti, Tal Shrigonda, Dist Ahmednagar, Kashti-414701, Kashti, Shrigonda
Building/Society:Indraprast Park
Size:168.60 Sq.Mtr
Auction Description
Union Bank of India is conducting an e-auction for a land and building property under the SARFAESI Act in Shrigonda, Ahmednagar. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is set at INR 17,10,000, with an Earnest Money Deposit (EMD) of INR 1,71,000 required to participate. This is a unique opportunity to acquire a significant asset in Maharashtra.
Borrower Name:Mr. Vithal Shankar Mane
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment opportunity in a developing locality. The reserve price appears reasonable, and the physical possession status adds confidence. However, prospective buyers should conduct thorough due diligence regarding local market values.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
Contact no:7588165834
