Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609758
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹8,52,50,000
EMD:₹85,25,000
Bid Increment:₹1,00,000
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 land located in Haveli, Pune, Maharashtra. This SARFAESI auction offers a significant opportunity to acquire a valuable asset in a developing area. The land is suitable for residential development, presenting a great investment prospect. Proximity to essential amenities and good connectivity makes this plot highly desirable.
State:Maharashtra
City:Pune
Area:Haveli
Asset Category:Residential
Full Address:Survey No.222/2/1D, CTS No.2104/D, TPS Final plot no. 70/13, lying and situated at Village Yerawada (Kalyani Nagar) Taluka -Haveli, Kalyani Nagar, Pune
Size:850 sq. mtr.
Auction Description
Union Bank of India presents a SARFAESI auction for a residential land parcel in Haveli, Pune. 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 ₹8,52,50,000, with an Earnest Money Deposit (EMD) of ₹85,25,000. This is a direct opportunity from the bank to acquire a property previously associated with M/s Reddy Catering Services.
Borrower Name:M/s Reddy Catering Services
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Akki Ratnayya Chinnapeddya Reddy, Mr. Akki Ramanaya Chinnapeddya Reddy, M/s Reddy Restaurants Pvt Ltd
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a strategically located land parcel in Kalyani Nagar, Pune, a high-demand area. With a substantial reserve price, it is best suited for investors and developers. The symbolic possession status should be considered in the investment decision.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
