1,300 sq feet Commercial Building for Auction in Karmala, Solapur – BOM

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

1,300 sq feet (≈ 1,300 sq ft)

Reserve price / sq ft

₹40,071

Locality

Karmala

City

Solapur

State

Maharashtra

Pincode

413203

Address

Karmala, Maharashtra, 413203 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of Maharashtra

Branch

KARMALA

Auction type

SARFAESI Auction

Borrower

M/s H**** S***** P*** V** P**** Mr. D***** H***** C*****

Auction start

18 Nov 2026, 11:00 AM

Auction end

18 Nov 2026, 05:00 PM

EMD submission deadline

17 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

MD SALIM JAVED

Officer contact

8102622141

E-auction portal

BAANKNET (Property ID MAHB40214545977)

Price Check

This listing's reserve price works out to ₹40,071 per sq ft. The average across commercial bank auctions in Solapur on our site is ₹17,497 per sq ft, so this one is 129% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID MAHB40214545977)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 17 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 18 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.