Canara Bank Plant & Machinery Auction in Mohanlalganj, Lucknow

This auction features a significant collection of Plant & Machinery, classified under the asset category of Scrap, Plant & Machinery, located in the industrial area of Mohanlalganj, Lucknow. The property is situated on a substantial parcel of land measuring 1.625 hectares at Khasra No. 262/1 in Village Hariharpur Patisa, Pargna-Nigoha. Mohanlalganj is a developing region within Lucknow, Uttar Pradesh, known for its industrial potential, making this an attractive proposition for businesses looking to expand or establish operations. The machinery itself represents a valuable opportunity for those in manufacturing or related sectors seeking to acquire operational assets or raw materials. The strategic location in Uttar Pradesh provides good connectivity and access to markets. As these are bank auction assets, they are typically offered at competitive prices, representing excellent value for savvy investors and business owners.

This auction presents a unique opportunity to acquire Plant & Machinery assets located in Mohanlalganj, Lucknow, Uttar Pradesh. The auction is conducted by Canara Bank under the SARFAESI Act, offering a transparent process for prospective buyers. The bidding will commence on July 31, 2025, from 10:00 AM to 2:00 PM. A critical step for participation is the submission of applications by July 30, 2025, before 11:59 AM. The reserve price is set at ₹20,82,000, with an Earnest Money Deposit (EMD) of ₹2,08,200 required to qualify for bidding. The assets are situated on 1.625 hectares of land at Khasra No. 262/1 in Village Hariharpur Patisa, Pargna-Nigoha, Mohanlalganj, previously held by M/s Green Space Block LLP. For detailed inquiries and participation, prospective buyers are advised to contact the Bank Manager. This auction is managed by the service provider BAANKNET.