Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610350
Bank Name:Punjab National Bank
Branch Name:ARMB: Nashik
Reserve Price:₹2,29,41,000
EMD:₹22,94,100
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 prime commercial shop located in Akkola, Akola, Maharashtra, offered for sale by Punjab National Bank through a SARFAESI auction. Situated in a bustling area, this property presents a significant investment opportunity for businesses looking to establish or expand their presence in Akola. Its strategic location ensures high visibility and accessibility.
State:Maharashtra
City:Akola
Area:akkola
Asset Category:Commercial
Full Address:9/1, Nazul Plot No. 9/1 (Om Acid & Chemical), Nazul street No. 26A, behind Gupta Oil Mill, Near Mohta Mill Road, Akkola, Akola
Size:974.83 Sqmtri
Auction Description
Punjab National Bank is conducting an SARFAESI auction for a commercial shop in Akkola, Akola, Maharashtra. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this valuable asset is ₹2,29,41,000, with an Earnest Money Deposit (EMD) of ₹22,94,100 required to participate. This is a unique chance to acquire a commercial property in a key location.
Borrower Name:M/s Om Udyog
Auction Type:SARFAESI Auction
Guarantor Names: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 commercial shop in Akola, offered at auction by PNB. While the location has potential, the moderate score reflects uncertainties in the local market. This represents a calculated risk for investors seeking commercial properties at potentially favorable prices.
Contact Details
Branch:Branch Office : ARMB: Nashik
Service Provider:BAANKNET
Contact Details:
Mr. Venketesh S.
Contact no: —
