House for auction 322 Kanpur Nagar, Panki, Kanpur by BOI

This presents a valuable opportunity for new homebuyers to acquire a compact residential property in Kanpur. Located at House No. E-1/322, Block EWS, Ratanpur Vistar Part-2, Panki, Kanpur Nagar, this house, spanning 30 Sq. Mtr., offers an accessible entry point into the real estate market. Panki is a developing locality within Kanpur, offering the potential for future appreciation and connectivity. The specific address within Block EWS suggests a structured residential layout, often characterized by planned infrastructure. While the property's modest size makes it ideal for individuals or small families seeking an independent dwelling, it also offers a canvas for personalized renovations and enhancements. Its strategic placement, bounded by a 6-meter road to the North, ensures ease of access, a critical factor for daily convenience. This offering from Union Bank of India represents a chance to secure a residential asset in a growing urban center, presenting both immediate utility and long-term investment prospects.

Prospective buyers are invited to participate in the SARFAESI auction for this property, conducted by Union Bank of India through their service provider, BAANKNET. This e-auction process is designed for transparency and accessibility, offering a straightforward path to property acquisition. The auction is scheduled for a single day: commencing on February 14, 2025, at 12:00 PM and concluding at 05:00 PM. A crucial step for interested parties is the submission of applications, which must be completed by February 13, 2025, at 05:00 PM. The Reserve Price for this property is set at INR 1,065,150.00, requiring an Earnest Money Deposit (EMD) of INR 106,515.00 to qualify for bidding. It is highly recommended that new buyers conduct thorough due diligence, including property inspection and legal verification, before participating. For any inquiries regarding the auction specifics or property details, Shri Rajesh Kamal Vishwakarma can be contacted at 7000255856.