Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610958
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹76,00,000
EMD:₹7,60,000
Bid Increment:₹25,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This is a prime plot of land located on Sharanpur Road in Nashik, Maharashtra. The asset category is residential, making it an ideal location for building your dream home or for future development. The property is being auctioned by Punjab National Bank under the SARFAESI Act.
State:Maharashtra
City:Nashik
Area:SHARANPUR ROAD
Asset Category:Residential
Full Address:Basement Premises no 1, Canada Tower Apartment, Basement Premises no 1, Canada Tower Apartment, Pict No 15, Below San Infotech & Near Saraswat bank, College Road, Sharanpur Trimbak Link Road, Canada Corner, Sharanpur Gaothan, Nashik
Building/Society:Canada Tower Apartment
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a residential plot in Nashik, Maharashtra, located on Sharanpur Road. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is ₹76,00,000, with an Earnest Money Deposit (EMD) of ₹7,60,000 required to participate. This is a significant opportunity to acquire property in a sought-after area of Nashik.
Borrower Name:Mr. Vikram Madhav Telang
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Pratibha Vikram Telang
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property is a commercial basement in Nashik with a decent reserve price, making it a calculated opportunity. While the location is favorable, potential investors should carefully evaluate the basement's condition and market demand. The symbolic possession status adds a layer of complexity that requires due diligence.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
