Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:609773
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹26,10,000
EMD:₹2,61,000
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:14-11-2025 12:00 PM
Property Description
A prime plot of Non-Agricultural Land located in Phaltan, Satara, Maharashtra. This asset, categorized as Residential, offers a significant opportunity for development. The property is being auctioned by Union Bank of India under the SARFAESI Act. Situated in a developing area, it presents potential for future growth and investment. Proximity to local amenities and transport links makes this an attractive proposition.
State:Maharashtra
City:Satara
Area:Phaltan
Asset Category:Residential
Full Address:Village Mulikwadi, Tal-Phaltan, Dist-Satara, Mulikwadi, Satara
Size:41 R
Auction Description
Union Bank of India presents a SARFAESI auction for a Non-Agricultural Land parcel in Phaltan, Satara, Maharashtra. The auction will commence on November 14, 2025, at 12:00 PM and conclude at 05:00 PM on the same day. The reserve price is set at ₹26,10,000 with an Earnest Money Deposit (EMD) of ₹2,61,000. This is a unique opportunity to acquire a valuable piece of land through a transparent banking auction process.
Borrower Name:M/s Parag Powder coating & Engineering Work
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is non-agricultural land in a rural location, presenting a moderate investment opportunity. The symbolic possession status introduces potential challenges. Considering the reserve price and location, it requires thorough due diligence.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
