Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613281
Bank Name:IDBI Bank
Branch Name:Retail Recovery
Reserve Price:₹95,40,000
EMD:₹9,54,000
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 commercial shop located in Koregaon, Satara, Maharashtra. The property is being auctioned by IDBI Bank as part of a SARFAESI action. It is an opportunity for investors or business owners looking to acquire commercial space in a developing area.
State:Maharashtra
City:Satara
Area:Koregaon
Asset Category:Commercial
Full Address:TA Pawar Complex, Gram Panchayat Milkat No.4573 property situated at 6 Shops out of which 3 shops on 1st floor and 3 Shops on 2nd floor of building named as "TA Pawar Complex", situated on C.T.S.No.1869 and 1870, S.No.559/2, Azad Chowk, Koregoan Taluka-Koregoan, Azad Chowk, Koregoan, Satara
Building/Society:TA Pawar Complex
Size:177.06 Sq.Mt
Auction Description
IDBI Bank is conducting a SARFAESI auction for a commercial shop in Koregaon, Satara. The auction will take place on November 24, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 9,540,000, with an Earnest Money Deposit (EMD) of INR 954,000. This auction presents a chance to purchase a commercial asset through a transparent, bank-led process.
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 commercial shop in Koregaon presents a calculated investment opportunity. While the location is not a major metropolitan area, the price point and established complex offer potential for steady returns. Further due diligence is needed to assess local market conditions and potential rental yields.
Contact Details
Branch:Branch Office : Retail Recovery
Service Provider:Public Auction
Contact Details:
Ajay Kumar
Contact no:8097041014
