Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609778
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹21,73,000
EMD:₹2,17,300
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:14-11-2025 12:00 PM
Property Description
This is a prime commercial shop located in Karad, Satara, Maharashtra. Situated in a well-connected area, this property offers excellent potential for various business ventures. The asset is being auctioned by Union Bank of India under SARFAESI Act. It is an ideal opportunity for investors and entrepreneurs looking to establish or expand their business presence in a growing commercial hub. The property is categorized as Commercial.
State:Maharashtra
City:Satara
Area:Karad
Asset Category:Commercial
Full Address:Shop No.01, KS.T Pride, KS.T Pride Shop No.01 @Basement Floor in G.M No.GB-829/1 S.No. 194/18+24+2C/1/5/1/2, Agashivnagar, Malkapur, Karad
Building/Society:KS.T Pride
Size:422 Sq. ft
Auction Description
Union Bank of India is conducting a SARFAESI auction for a commercial shop in Karad, Satara, Maharashtra. The auction will take place on 14-11-2025, starting at 12:00 PM and concluding at 05:00 PM. The reserve price for this auction is INR 21,73,000, with an Earnest Money Deposit (EMD) of INR 2,17,300 required to participate. This is a direct opportunity to acquire a commercial asset through a bank auction.
Borrower Name:M/s C M Bio Agro Processing Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Chandrakant Ramchandra More, Sagar Mahadev Gaikwad, Krishnat Mahadev Patil
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in a developing area. The reserve price seems reasonable and its symbolic possession is less favorable. Hence a Calculated Opportunity.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
