Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612035
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹20,10,00,000
EMD:₹2,01,00,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:15-11-2025 05:00 PM
Bid Start Date:2025-11-17
Property Description
This auction features a significant land parcel located in Maval, Pune, Maharashtra. Classified under the residential asset category, this property offers a prime opportunity for development or investment in a rapidly growing region. The land is being auctioned by the Bank of India under the SARFAESI Act, presenting a clear title for potential buyers. Maval is known for its scenic beauty and strategic location, making it an attractive area for real estate ventures. The specific details regarding the land's size and exact location within Maval will be provided in the detailed auction notice.
State:Maharashtra
City:Pune
Area:Maval
Asset Category:Residential
Full Address:Survey No.54, Hissa No.1:Survey No.54, Hissa No.2, Survey No.55, Hissa No.1, Survey No.55, Hissa No.2:Survey No.56, Survey No.58, Hissa No. 1, Survey No.58, Hissa No.2 Survey No.59, Hissa No.2:Survey No.59, Hissa No.3, Survey No.60, Survey No.66, Hissa No. 1/2:Survey No.74, Survey No.75, Hissa No.1, Survey No.75, Hissa No.2, Survey No.76, Hissa No.1: Survey No.76, Hissa No.2/1, Survey No.76, Hissa No.2/2, Survey No.76, Hissa No.3: Survey No.76, Hissa No.4, Survey No.76, Hissa No.5, Survey No.76, Hissa No.6, Survey No.76, Hissa No.7, Survey No. 76, Hissa No.8, Survey No.76, Hissa No.9., Valakh Village, Pune
Size:33.59 acres
Auction Description
The Bank of India is conducting a SARFAESI auction for a valuable land property in Maval, Pune, Maharashtra. The auction is scheduled for November 17, 2025, with bidding open from 11:00 AM to 05:00 PM on the same day. The reserve price for this significant asset is INR 20,10,00,000 (Twenty Crore and Ten Lakhs), with an Earnest Money Deposit (EMD) of INR 2,01,00,000 (Two Crore and One Lakh) required to participate. This is a unique opportunity to acquire a substantial land parcel in a developing area of Pune. Interested parties are advised to review all auction terms and conditions thoroughly before bidding.
Borrower Name:M/s. IVRCL Indore Gujarat Tollways Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. E Sudhir Reddy, IVRCL Ltd., Absorption Aircorn Engineers Pvt. Ltd., Gajuwaka Developers Pvt. Ltd., IVRCL Steel Construction and Services Ltd., Tirumani Developers Pvt. Ltd., Mr. Shivprasad Shivdatta Shukla
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a large land parcel in a developing area of Pune, which presents a good opportunity for long-term investment. However, the high reserve price and the need for careful due diligence necessitate a calculated approach. The physical possession by the bank is a positive factor.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7739014174
