Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614103
Bank Name:Union Bank of India
Branch Name:Asset Recover Branch - Chhatrapati Sambhajinagar
Reserve Price:₹19,61,000
EMD:₹1,96,100
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 residential plot located in Padharpur, Solapur, Maharashtra. The property is being auctioned by the Union Bank of India. It is part of a SARFAESI auction, previously owned by M/s Babar Agro Food Products. This is an excellent opportunity to acquire a plot in a developing area.
State:Maharashtra
City:Solapur
Area:Padharpur
Asset Category:Residential
Full Address:27, NA Plot No.27 Sr.No. 102/18 area admea. 112.50sq.mtr (Eastern Side) out of total area 280.50 sq.mtr. Shivparvati Nagar, Link Road Pandharpur, Shivparvati Nagar, Solapur
Size:112.50 sq.mtr
Auction Description
Union Bank of India presents a SARFAESI auction for a residential plot in Padharpur, Solapur, Maharashtra. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this plot is ₹19,61,000, with an Earnest Money Deposit (EMD) of ₹1,96,100 required to participate. Don't miss this chance to bid on this valuable property.
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 calculated opportunity due to its location in Padharpur and the relatively affordable reserve price. While not a prime investment, the plot's potential for development justifies a closer look for those familiar with the local market. Further due diligence is recommended given the auction terms.
Contact Details
Branch:Branch Office : Asset Recover Branch - Chhatrapati Sambhajinagar
Service Provider:BAANKNET
Contact Details:
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