Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610351
Bank Name:Punjab National Bank
Branch Name:ARMB: Nashik
Reserve Price:₹1,43,45,000
EMD:₹14,34,500
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 16:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 04:00 PM
Bid Start Date:2025-11-18
Property Description
This auction features a valuable Land and Building property located in Akkola, Akola, Maharashtra. The asset is categorized as Residential and is being auctioned by Punjab National Bank under SARFAESI Act. The property, formerly belonging to M/s Om Udyog, offers a significant opportunity for investment in a developing area. It is a standalone Land and Building structure, suitable for various residential or mixed-use purposes.
State:Maharashtra
City:Akola
Area:akkola
Asset Category:Residential
Full Address:9, Plot No. 9, Field Survey No. 25/1, Near Ghat Hospital, Gorakshan Road, Mouze Malkapur, Akola, Malkapur, Akola
Size:312.10 sqmtr
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Akkola, Akola, Maharashtra. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at INR 1,43,45,000, with an Earnest Money Deposit (EMD) of INR 14,34,500 required to participate. This is a prime opportunity to acquire a substantial property through a transparent bank auction process.
Borrower Name:M/s Om Udyog
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Satish Goverdhandas Rathi, Mr. Pankaj Satish Rathi, Mrs. Sarala Satish Rathi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Akola, Maharashtra, offered at a reserve price of ₹14,345,000. While the location has potential, further due diligence is needed to assess its market value and growth prospects. The terms of the auction seem standard, suggesting a calculated risk for informed investors.
Contact Details
Branch:Branch Office : ARMB: Nashik
Service Provider:BAANKNET
Contact Details:
Mr. Venketesh S.
Contact no: —
