Factory land and Building for auction Plot B-2 Apex Encon Ahmednagar by SBI

The property on offer is a significant industrial facility located at Plot No. B-2, MIDC, Manmad Highway, Ahmednagar, Maharashtra-414 002. This asset comprises factory land, a building, and essential plant and machinery, formerly belonging to M/s Apex Encon Projects Pvt Ltd. Situated within the Ahmednagar region of Maharashtra, a state known for its robust industrial infrastructure, this property benefits from a strategic location with access to key transportation networks. The MIDC (Maharashtra Industrial Development Corporation) area typically offers well-developed infrastructure and a supportive environment for manufacturing and industrial operations. This makes it an attractive proposition for businesses looking to establish or expand their presence in a thriving industrial hub. The sale includes the land, building, and the plant and machinery, presenting a comprehensive package for an industrial undertaking. Given its nature and location, this property holds considerable potential for various manufacturing, warehousing, or processing activities.

This auction presents a unique opportunity to acquire a substantial industrial asset through a SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002, process initiated by the State Bank of India. The auction is scheduled for July 31, 2025, running from 11:00 AM to 4:00 PM. Prospective buyers must submit their applications by July 30, 2025, 5:00 PM. The earnest money deposit (EMD) required is INR 97,90,000.00, against a reserve price of INR 9,79,00,000.00. This event is managed by BAANKNET, a recognized service provider in property auctions. Potential bidders are strongly advised to thoroughly review all auction terms and conditions, conduct their own due diligence on the property, and ensure all documentation is in order well before the application deadline. For specific queries, interested parties can contact the Stressed Assets Management Branch, Secunderabad at 040-23251921.