Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613230
Bank Name:Bank of India
Branch Name:Zonal Office : New Delhi
Reserve Price:₹11,55,000
EMD:₹1,15,500
Bid Increment:₹1,15,500
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
A residential flat located in Mahipalpur, New Delhi, offered for auction by the Bank of India. This property presents a great opportunity for investment or ownership in a prime New Delhi locality. Details regarding the exact size, amenities, and condition are available upon request or during inspection periods.
State:Delhi
City:New Delhi
Area:MAHIPALPUR
Asset Category:Residential
Full Address:Flat No 112, Part of Property bearing No. K-445 (out of Khasra No 765), Gali No. 12, Village Mahipalpur, New Delhi-110037, Mahipalpur, New Delhi
Size:52.49 Sq. Mtr.
Auction Description
This is a SARFAESI auction conducted by the Bank of India for a residential flat in Mahipalpur, New Delhi. The auction starts on November 25, 2025, at 11:00 AM and concludes on the same day at 05:00 PM. The reserve price is set at ₹11,55,000, with an Earnest Money Deposit (EMD) of ₹1,15,500 required to participate. This is a legal auction process to recover dues from M/s Alok Enterprises.
Borrower Name:M/s Alok Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jitendra Agarwal, Mr. Ajay Kumar Agarwal
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a flat in a decent location of New Delhi. The reserve price seems reasonable for the area, making it a calculated investment opportunity. However, potential buyers should conduct thorough due diligence and property inspection before bidding.
Contact Details
Branch:Branch Office : Zonal Office : New Delhi
Service Provider:BAANKNET
Contact Details:
Mr. Rohtash Kumar
Contact no:8826579238
