Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:614085
Bank Name:Saraswat co-op. Bank Ltd.
Branch Name:Recovery Dept.
Reserve Price:₹82,00,000
EMD:₹8,20,000
Bid Increment:₹1,00,000
Auction Time:12:00 Noon to 01:00 p. m.
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a prime commercial office space located in Akurdi, Pune, Maharashtra. Situated in a well-connected area, this property offers excellent accessibility for businesses. The asset is being auctioned by Saraswat Co-op. Bank Ltd. due to non-payment by the borrower, M/s Eka Hospitality Private Limited. Ideal for various commercial ventures, this property presents a significant investment opportunity in a growing industrial and commercial hub. Its strategic location ensures good visibility and potential for high footfall.
State:Maharashtra
City:Pune
Area:Akurdi
Asset Category:Commercial
Full Address:209, 210, Vinayak Arcade, Vinayak Arcade, Opp. Bajaj Auto Ltd., B. P. Road, Survey No. 46, CTS No. 4252, 4252(1) to 4252/5, Akurdi, Pune-411 035, Akurdi, Pune
Building/Society:Vinayak Arcade
Size:752.59, 500.00, 120, 120 sq. fts.
Auction Description
Saraswat Co-op. Bank Ltd. is conducting a SARFAESI auction for a commercial office property in Akurdi, Pune. The auction will commence on November 28, 2025, at 12:00 PM and conclude at 01:00 PM on the same day. The reserve price for this valuable asset is ₹82,00,000, with an Earnest Money Deposit (EMD) of ₹8,20,000 required to participate. This is a secured creditor auction, offering a chance to acquire a commercial property in a key Maharashtra location. Interested bidders should ensure they meet all auction prerequisites before the closing time.
Borrower Name:M/s Eka Hospitality Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Pradip (Pradeep) Padmasan Menon, Mr. Jayakannan Perumalswamy, Mrs. Madhuri Pradip Menon, Mr. Hemakant Shridhar Karnik, Absotherm Services Private Limited
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The commercial office spaces in Akurdi, a well-established area of Pune, present a solid investment opportunity. The reserve price, while significant, is reasonable given the location and size of the properties. Favorable auction terms, including physical possession, make this a strong buy.
Contact Details
Branch:Branch Office : Recovery Dept.
Service Provider:drt.auctiontiger.net
Contact Details:
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