Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613283
Bank Name:IDBI Bank
Branch Name:Retail Recovery
Reserve Price:₹1,26,00,000
EMD:₹12,60,000
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 offering is for a valuable plot of land located in Koregaon, Satara, Maharashtra. The asset is categorized as residential land, presenting a prime opportunity for development or investment in a developing region. The property is being auctioned by IDBI Bank as part of a SARFAESI action, offering a clear title and a straightforward acquisition process. Its location in Koregaon, Satara, provides access to local amenities and infrastructure, making it an attractive proposition for prospective buyers seeking to acquire land in this part of Maharashtra.
State:Maharashtra
City:Satara
Area:Koregaon
Asset Category:Residential
Full Address:Shop No.1 & 2, TA Pawar Complex, Gram Panchayat Milkat No.5768 property situated at Gandhijewellers, C.TS.No.1869 and 1870, S.No.559/2, Azad Chowk, Koregoan, Azad Chowk, Satara
Building/Society:TA Pawar Complex
Size:935.37 sq ft
Auction Description
IDBI Bank is conducting a SARFAESI auction for a residential land parcel in Koregaon, Satara, Maharashtra. The auction will commence on November 24, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this auction is ₹1,26,00,000, with an Earnest Money Deposit (EMD) of ₹12,60,000 required to participate. This is a significant opportunity to acquire a land asset directly from the bank. Interested parties are advised to review all auction terms and conditions provided by IDBI Bank.
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, a commercial shop in Koregaon, Satara, presents a calculated investment opportunity. Its location in Azad Chowk offers potential, but the reserve price requires careful evaluation. Further due diligence regarding the building's condition and market demand is advisable before bidding.
Contact Details
Branch:Branch Office : Retail Recovery
Service Provider:Public Auction
Contact Details:
Ajay Kumar
Contact no:8097041014
