Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610993
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹48,00,000
EMD:₹4,80,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This SARFAESI auction presents a unique opportunity to acquire a Land and Building asset in Shirol, Kolhapur, Maharashtra. Currently listed under the borrower M/S Minakshi Sundaram Mills, this residential property offers significant potential. Its location in Kolhapur, a well-connected city in Maharashtra, makes it an attractive investment. The property type, Land and Building, provides versatility for various development or usage plans. Don't miss this chance to own a piece of real estate in a promising region.
State:Maharashtra
City:Kolhapur
Area:Shirol
Asset Category:Residential
Full Address:15 & 16, Kamdhenu Niwas, On Plot No. 15 & 16, RS No. No. 497/B (Part). Part) Kamdhenu Niwas. Priyadarshini Colony, Near Omkareshwar Temple, Behind Sharad Engineering College, at Yadrav, Tal. Shirol, Yadrav, Kolhapur
Building/Society:Kamdhenu Niwas
Size:180.89 sq mtr
Auction Description
Canara Bank is conducting an online SARFAESI auction for a valuable Land and Building property in Shirol, Kolhapur, Maharashtra. The auction will commence on November 25, 2025, at 12:00 PM and conclude at 01:00 PM on the same day. The reserve price for this exciting opportunity is INR 4,800,000, with an Earnest Money Deposit (EMD) of INR 480,000 required to participate. This auction is a direct offering from Canara Bank, presenting a straightforward transaction process for interested bidders.
Borrower Name:M/S Minakshi Sundaram Mills
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Shyam Sundar Kashinath Joshi, Mr. Dinesh Shyam Sundar Joshi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers moderate potential due to its location in Yadrav, a developing area of Kolhapur. The reserve price seems reasonable, and the symbolic possession status adds a layer of complexity. It's a calculated risk that warrants further investigation into local market conditions and property specifics before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
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