Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614102
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹70,06,000
EMD:₹7,00,600
Bid Increment:₹71,000
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:28-11-2025 11:00 AM
Property Description
This is a vacant plot located in Padharpur, Solapur, Maharashtra. The property is being auctioned by Union Bank of India under the SARFAESI Act. The plot is classified under the residential asset category. It presents an opportunity for development or investment in the Solapur region.
State:Maharashtra
City:Solapur
Area:Padharpur
Asset Category:Residential
Full Address:26, Property No.2: Property of NA Plot No. 26 Sr. No.102/1B, Shivparvati Nagar, Link Road, Pandharpur, Dist. Solapur
Size:402.00 sq. mtr.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential plot in Padharpur, Solapur, Maharashtra. The property belongs to M/s Babar Agro Food Products. The auction has a reserve price of INR 70,06,000 and requires an Earnest Money Deposit (EMD) of INR 7,00,600. The auction will take place on November 28, 2025, starting at 11:00 AM and concluding at 5:00 PM.
Borrower Name:M/s Babar Agro Food Products
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Appasaheb Manohar Babar, Mr. Manohar Uddhavrao Babar, Mrs. Rekha Manohar Babar
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a solid opportunity given its location and size. The reserve price appears reasonable for the area, and the auction terms are standard. A calculated risk, this plot could yield good returns with proper planning and execution.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
Contact no: —
