Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610349
Bank Name:Punjab National Bank
Branch Name:ARMB: Nashik
Reserve Price:₹1,76,87,000
EMD:₹17,68,700
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 16:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-18
Property Description
This is a residential plot located in Akkola, Akola, Maharashtra. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It is an excellent opportunity to acquire land in a developing area. The plot is suitable for residential development.
State:Maharashtra
City:Akola
Area:akkola
Asset Category:Residential
Full Address:U-10, MIDC phase IV, Plot No. U-10, MIDC Phase IV, Village Shivani, Taluka & Dist Akola-444104, Shivani, Akola
Building/Society:MIDC phase IV
Size:8000 Sqmtri
Auction Description
Punjab National Bank is conducting an e-auction for a prime residential plot in Akkola, Akola, Maharashtra. The auction will be held on November 18, 2025, from 11:00 AM to 04:00 PM. The reserve price for this SARFAESI auction is ₹1,76,87,000, with an Earnest Money Deposit (EMD) of ₹17,68,700. This is a significant opportunity for investors and individuals looking to purchase property in Akola.
Borrower Name:M/s Om Udyog
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Pankaj Satish Rathi, Mr. Satish Goverdhandas Rathi, All legal heirs of Late Sarala Satish Rathi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property is a sizable industrial plot in MIDC Akola, offering potential for manufacturing or warehousing. The reserve price seems fair, but prospective buyers need to verify the market value and potential encumbrances. The terms are standard and the symbolic possession status requires due diligence.
Contact Details
Branch:Branch Office : ARMB: Nashik
Service Provider:BAANKNET
Contact Details:
Mr. Venketesh S.
Contact no: —
