Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610952
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹1,22,00,000
EMD:₹12,20,000
Bid Increment:₹25,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
A prime residential plot located on the well-connected Sharanpur Road in Nashik, Maharashtra. This is a significant opportunity to acquire a valuable piece of land in a desirable area. Ideal for development or investment purposes.
State:Maharashtra
City:Nashik
Area:SHARANPUR ROAD
Asset Category:Residential
Full Address:2, Canada Tower Apartment, Basement Premises no 2, Canada Tower Apartment, Plot No 15, Below San Infotech & Near Saraswat bank, College Road, Sharanpur Trimbak Link Road, Canada Corner, Sharanpur Gaothan, Nashik, Maharashtra-422005, Sharanpur Gaothan, Nashik
Building/Society:Canada Tower Apartment
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Nashik. The auction has a reserve price of INR 1,22,00,000 and requires an EMD of INR 12,20,000. Bidding opens on November 26, 2025, at 11:00 AM and closes at 04:00 PM on the same day. This is a direct sale from the bank.
Borrower Name:M/s Spider Facilities Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Vikram Madhav Telang, Mrs. Pratibha Ikram Telang, All known & unkown legal heirs of Late Mr. Kiran Bachoobhai Bhatia
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property is a basement plot in Nashik, offering potential for commercial use. The reserve price seems reasonable, but further due diligence is needed to assess the local market and potential risks associated with basement properties. This is a calculated opportunity for investors.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
