Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614095
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹73,53,000
EMD:₹7,35,300
Bid Increment:₹74,000
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:28-11-2025 11:00 AM
Property Description
Union Bank of India is auctioning a Land and Building property in the prime location of Bhawani Peth, Solapur, Maharashtra. This residential asset, previously owned by M/s. NEW JAISHREE BODY BUILDERS, presents a unique opportunity for investors or homeowners. The property is being offered through a SARFAESI auction.
State:Maharashtra
City:Solapur
Area:Bhawani Peth
Asset Category:Residential
Full Address:83/9, TP II, Final Plot No. 83/9, Solapur Municipal Corporation at Bhavani Peth, Near Dayanand College, Rupabavani Mandir, Bhawani Peth, Solapur
Size:234.78 SQ.MTR.
Auction Description
This is a SARFAESI auction conducted by Union Bank of India for a Land and Building property in Bhawani Peth, Solapur. The reserve price is set at ₹73,53,000, with an Earnest Money Deposit (EMD) of ₹7,35,300 required to participate. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 05:00 PM on the same day.
Borrower Name:M/s. NEW JAISHREE BODY BUILDERS
Auction Type:SARFAESI Auction
Guarantor Names:Ratnabai Monappa Sutar, Mrs. Jayashree Dattatray Potdar, Mr. Rajesh Monappa Sutar, Mrs. Saroja Laxman Sutar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment potential given its location in Bhawani Peth and land and building classification. However, the symbolic possession status and lack of specific auction dates introduce a degree of uncertainty. The reserve price appears reasonable, meriting a 'Calculated Opportunity' rating for investors willing to assess the property's encumbrances and future development potential.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
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