Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609215
Bank Name:Punjab National Bank
Branch Name:ARMB : Kolhapur
Reserve Price:₹1,66,00,000
EMD:₹16,60,000
Bid Increment:₹50,000
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 auction features a valuable Land and Building property located in Boramani, Solapur, Maharashtra. Suitable for residential use, this asset is being auctioned by Punjab National Bank under the SARFAESI Act. The property is part of a borrower's asset and presents a unique opportunity for investors or end-users in the Solapur region.
State:Maharashtra
City:Solapur
Area:Boramani
Asset Category:Residential
Full Address:Plot No.1 & 2, Plot No.1 & 2, G. P House No.817 & 818, Survey Number 357/1, Boramani, South Solapur, Solapur, Maharashtra, Pin-413002, Boramani, Solapur
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Boramani, Solapur. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this residential asset is ₹1,66,00,000, with an Earnest Money Deposit (EMD) of ₹16,60,000 required to participate. Interested bidders should review all auction terms and conditions provided by the bank.
Borrower Name:Mr. Shivlingappa Andappa Patane
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Vaijinath Shivlingappa Patane
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known
Why This Property
The property is a land and building in a developing locality, presenting a good opportunity for potential development or investment. The reserve price and EMD are relatively high, requiring careful assessment of the property's current market value and future growth potential. Due diligence is crucial before participating in the auction.
Contact Details
Branch:Branch Office : ARMB : Kolhapur
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —
