Office for auction Mangalwar Peth Pune 34 lakh Bank of India

This is a bank auction of a commercial office space located in the bustling Mangalwar Peth area of Pune, Maharashtra. The property is being auctioned by the Bank of India as part of a SARFAESI action. This is a prime opportunity to acquire a commercial asset in a well-established urban locality. The property is ideal for various business ventures seeking a strategic location in Pune.

The Bank of India is conducting an online SARFAESI auction for a commercial office property in Mangalwar Peth, Pune. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is ₹34,34,000, with an Earnest Money Deposit (EMD) of ₹3,43,000 required to participate. This is a secured creditor action related to the borrower Prabha Imtiyaz Qureshi.

The property offers a reasonably sized commercial office in a potentially viable location within Pune. Its pricing and auction terms suggest a calculated risk, but the final potential depends on the property's condition and local market dynamics.