Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613278
Bank Name:IDBI Bank
Branch Name:Retail Recovery
Reserve Price:₹48,60,000
EMD:₹4,86,000
Service Provider:Public Auction
Important Dates
Submission Date:23-11-2025 05:00 PM
Bid Start Date:24-11-2025 11:00 AM
Property Description
This is a prime commercial shop located in Koregaon, Satara, Maharashtra. The property is being auctioned by IDBI Bank under SARFAESI Act. It offers a great opportunity for business owners or investors looking for a commercial space in a developing area. The shop is suitable for various retail or service-oriented businesses. Its strategic location in Koregaon provides good visibility and accessibility.
State:Maharashtra
City:Satara
Area:Koregaon
Asset Category:Commercial
Full Address:Padmalay Complex Building, Gram Panchayat Milkat No.4574 property situated at 2 shops admeasuring area of 638 Sq.Ft. (59.30 Sq.Mt.) On first floor in Padmalay Complex Building on CTS No.1865, 1866, 1867 &1868, S. No. 559/2, Azad Chowk, Koregoan, Azad Chowk, Koregoan, Satara
Building/Society:Padmalay Complex Building
Size:638 Sq.Ft.
Auction Description
IDBI Bank is conducting an online SARFAESI auction for a commercial shop in Koregaon, Satara, Maharashtra. The auction will take place on November 24, 2025, from 11:00 AM to 01:00 PM. The reserve price for this property is ₹48,60,000, with an Earnest Money Deposit (EMD) of ₹4,86,000 required to participate. This is a significant opportunity to acquire commercial real estate in Satara.
Borrower Name:Mr. Rajendra Hiralal Gandhi,
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nikhil Rajendra Gandhi, Mrs. Seema Rajendra Gandhi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable investment prospect given its commercial nature and location in Koregaon. The reserve price is moderate, and the physical possession adds value. It is recommended for investors seeking calculated opportunities within the Satara commercial real estate market.
Contact Details
Branch:Branch Office : Retail Recovery
Service Provider:Public Auction
Contact Details:
Shri. Ajay Kumar
Contact no:8097041014
