Shop for auction Gandhi Nagar Kolhapur 31 lakh Punjab National Bank

Property for Auction in Gandhi Nagar, Kolhapur, Maharashtra

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
44.60 Sq. Mtr
Reserve Price
31,00,000
Reserve Price
31,00,000
EMD Required
3,10,000
Property Specifications
Society/BuildingAnjana Heritage
Size44.60 Sq. Mtr
Unit No.3 & 4
FloorGround Floor
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Shop
Location IconLocation:
Gandhi Nagar, Kolhapur
Auction Date IconAuction Date:
26-11-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:611312

Bank Name:Punjab National Bank

Branch Name:ARMB : Kolhapur

Reserve Price:31,00,000

EMD:3,10,000

Bid Increment:50,000

Auction Time:11.00 AM to 4.00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:25-11-2025 05:00 PM

Bid Start Date:2025-11-26

Property Description

This is a prime commercial shop located in the bustling Gandhi Nagar area of Kolhapur, Maharashtra. The property is being auctioned by Punjab National Bank and presents an excellent investment opportunity in a well-established commercial hub. Its strategic location ensures high footfall and visibility, making it ideal for various business ventures.

State:Maharashtra

City:Kolhapur

Area:Gandhi Nagar

Asset Category:Commercial

Full Address:3 & 4, Anjana Heritage, Shop No. 3 & 4, Ground Floor C S No. 1940, Anjana Heritage, Valiwade, Gandhi Nagar, Kolhapur., Gandhi Nagar, Kolhapur

Building/Society:Anjana Heritage

Size:44.60 Sq. Mtr

Auction Description

Punjab National Bank is conducting a SARFAESI auction for a commercial shop in Gandhi Nagar, Kolhapur. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at INR 31,00,000, with an EMD of INR 3,10,000. This is a significant opportunity to acquire a commercial asset through a transparent auction process.

Borrower Name:Sandeep Chandrakant Mandarekar

Auction Type:SARFAESI Auction

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known

Why This Property

The property is a commercial shop in Gandhi Nagar, Kolhapur, offered at a reserve price of ₹3,100,000. While the location is promising, potential investors should carefully evaluate market conditions and conduct due diligence. The 'Symbolic' possession status warrants further investigation for a comprehensive risk assessment.

Contact Details

Branch:Branch Office : ARMB : Kolhapur

Service Provider:BAANKNET

Contact Details:

Abhijeet Katavare

Contact no: —

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