Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614621
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹20,10,00,000
EMD:₹2,01,00,000
Bid Increment:₹10,00,000
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
A significant land parcel located in the Maval region of Pune, Maharashtra, offered for sale by the Bank of India. This valuable asset, previously associated with M/s. IVRCL Indore Gujarat Tollways Limited, presents a prime investment opportunity in a rapidly developing area. The land is categorized as residential and is being auctioned under the SARFAESI Act, making it a straightforward transaction for eligible buyers. Its strategic location in Maval ensures excellent connectivity and potential for future appreciation.
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. of Valakh Village, Valakh Village, Pune
Size:33.59 acres
Auction Description
The Bank of India is conducting a SARFAESI auction for a substantial land property in Maval, Pune. The auction will commence on November 17, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this prime residential land is set at INR 20,10,00,000, with an Earnest Money Deposit (EMD) of INR 2,01,00,000 required to participate. This is a unique opportunity to acquire a significant land asset in Maharashtra through a transparent auction process.
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 sizable land parcel in a developing area near Pune, making it a potentially valuable asset. However, the large reserve price and the involvement of a company with financial difficulties suggest a 'Calculated Opportunity' with associated risks that require careful evaluation before investment.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7739014174
