Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612836
Bank Name:Union Bank of India
Branch Name:Gwalior
Reserve Price:₹23,50,000
EMD:₹2,35,000
Auction Time:12:00 Noon to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
A residential house located in Bina, Sagar, Madhya Pradesh. This property is being auctioned by the Union Bank of India. The asset category is residential, and the property type is a house. The borrower is identified as the Legal Heirs of Mr. Ravi Meghwani. This SARFAESI auction presents an opportunity to acquire a property in the Sagar region.
State:Madhya Pradesh
City:Sagar
Area:Bina
Asset Category:Residential
Full Address:Khasra No. 477/9/16, Ph No. 51, Gandhi Ward No-19, Mauza - Itawa, Bina, Tehsil - Bina, Distt - Sagar (M.P.), Gandhi Ward, Bina
Size:1465 Sq.Ft.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential house in Bina, Sagar, Madhya Pradesh. The auction starts on November 28, 2025, at 12:00 PM and concludes at 05:00 PM on the same day. The reserve price for this property is ₹23,50,000.00, with an Earnest Money Deposit (EMD) of ₹2,35,000.00 required to participate. This is a significant opportunity for prospective buyers in the Madhya Pradesh region.
Borrower Name:Legal Heirs Mr. Ravi Meghwani
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jagdish Sundrani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Bina, Sagar, presents a calculated opportunity due to its residential nature and manageable size. The reserve price seems reasonable, but potential investors should assess the local market conditions and conduct thorough due diligence. Given the symbolic possession, legal verification is advisable for a secure investment.
Contact Details
Branch:Branch Office : Gwalior
Service Provider:BAANKNET
Contact Details:
Contact no: —
