Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613841
Bank Name:Bank of India
Branch Name:Pune recovery branch
Reserve Price:₹27,61,000
EMD:₹2,76,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 5:00PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This is a bank auction for a commercial shop located in the bustling Mangalwar Peth area of Pune, Maharashtra. The property is being auctioned by the Bank of India under the SARFAESI Act. It is a prime commercial space offering excellent potential for various business ventures in a well-established market.
State:Maharashtra
City:Pune
Area:Mangalwar Peth
Asset Category:Commercial
Full Address:111, Evolet Tiara, Shop no 111 building no B wing B1, first floor, "Evolet Tiara", constructed on Land bearing CTS NO 423, tps II FINAL PLOT NO 28/av1 & 28/av2 Mangalwar Peth Pune 411011, Mangalwar Peth, Pune
Building/Society:Evolet Tiara
Size:312.00 sq fts
Auction Description
The Bank of India is conducting a SARFAESI auction for a commercial shop in Mangalwar Peth, Pune. The auction will take place on November 25, 2025, starting at 11:00 AM and concluding at 5:00 PM. The reserve price for this auction is ₹27,61,000, with an Earnest Money Deposit (EMD) of ₹2,76,000 required to participate. This is a significant opportunity to acquire a commercial asset in a key Pune locality.
Borrower Name:Prabha Imtiyaz Qureshi
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:No known Encumbrance
Why This Property
The property is a commercial shop in a decent location of Pune, offered at a reasonable price. However, potential buyers should carefully assess the market value and condition of the property before bidding. The terms of the auction seem standard, presenting a calculated opportunity for investors.
Contact Details
Branch:Branch Office : Pune recovery branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no: —
