Shop for auction Mangalwar Peth Pune 55 lakh Bank of India

This is a commercial shop located in the bustling Mangalwar Peth area of Pune, Maharashtra. The property is being auctioned by the Bank of India as part of a SARFAESI auction. Mangalwar Peth is a well-established commercial hub, offering good visibility and accessibility. This is an excellent opportunity to acquire a commercial asset in a prime Pune location.

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 05:00 PM. The reserve price for this auction is INR 5,507,000, with an Earnest Money Deposit (EMD) of INR 550,000 required to participate. This is a fantastic chance to bid on a commercial property in a sought-after Pune locality.

The property's location in Mangalwar Peth, Pune, coupled with its commercial shop classification and physical possession status, makes it a desirable investment. The reserve price seems reasonable for the area, presenting a strong opportunity. However, potential investors should still conduct due diligence to ensure all legal aspects align with their investment goals.