Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614090
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹80,47,000
EMD:₹8,04,700
Bid Increment:₹81,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a prime land parcel located in the Chh. Sambhajinagar area of Aurangabad, Maharashtra. The property is categorized as residential and is being auctioned by Union Bank of India under the SARFAESI Act. The land offers a significant development opportunity in a growing urban center. Its accessibility and location within Aurangabad make it an attractive investment. This auction presents a chance to acquire a valuable asset directly from the bank.
State:Maharashtra
City:Aurangabad
Area:Chh. Sambhajinagar
Asset Category:Residential
Full Address:Gut No. 83 situated at Nagapur (Shendurwada), Nagapur (Shendurwada), Chh. Sambhajinagar
Size:3471 Sq. Meters
Auction Description
Union Bank of India is conducting a SARFAESI e-auction for a residential land property in Chh. Sambhajinagar, Aurangabad, Maharashtra. The auction will take place on November 28, 2025, from 11:00 AM to 05:00 PM. The reserve price is set at INR 80,47,000, with an Earnest Money Deposit (EMD) of INR 8,04,700 required to participate. This is a direct sale opportunity for interested buyers to acquire the asset belonging to M/s. Shree Mahalaxmi Metals.
Borrower Name:M/s. Shree Mahalaxmi Metals
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sulochana Sudam Bhavar, Mr. Sudam Limbaji Bhawar
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable land parcel in a developing area, offering potential for future appreciation. The reserve price seems reasonable, but a thorough due diligence is necessary to assess any potential risks. This auction presents a calculated investment opportunity in Chh. Sambhajinagar.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
Contact no:8698221258
