House for Auction Panvel Raigad 7.2 Crore by Edelweiss Asset Reconstruction Company Limited

Quick read

• ▸Possession: Symbolic
• ▸Area: 590.20 sq. mtrs.
• ▸Locality: Panvel
• ▸Reserve: ₹7,21,88,000
• ▸EMD: ₹72,18,800

About this property

House bank auction in Panvel, Raigad by Edelweiss Asset Reconstruction Company Limited — reserve price ₹7,21,88,000, 590.20 sq. mtrs., Symbolic possession.

Explore this prime bank auction property featuring the Jashnani House building located in Panvel, Raigad. This residential asset comprises a stilt plus 5-story structure with flats on each floor, situated in the well-established Middle Class Co-op. Housing Society Ltd. The property spans approximately 590.20 sq. mtrs. This is a unique opportunity to acquire a substantial residential building through a transparent bank auction process. With a reserve price of ₹7,21,88,000, this investment offers significant potential for developers or investors looking for residential assets in the growing Panvel real estate market. The auction is conducted by Edelweiss Asset Reconstruction Company Limited. Interested buyers should note the possession status is symbolic. Don't miss out on this high-value residential acquisition in a key location of Maharashtra.

GeoSquare note: The property offers an excellent investment opportunity due to its entire building structure (Stilt + 5 floors) in a established society in Panvel. While the possession is symbolic and requires legal follow-up, the scale of the asset and the location appeal make it a strong buy for investors looking for bulk residential holdings.