Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613801
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Auction Time:12:00 pm to 1:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential house located in the JARIPATKA area of Nagpur, Maharashtra. The property is being auctioned by Canara Bank as part of a SARFAESI action. It is an excellent opportunity for buyers looking for a home in a well-established locality. The auction is being conducted electronically, offering convenience and transparency to all participants. Don't miss this chance to acquire a property in Nagpur.
State:Maharashtra
City:Nagpur
Area:JARIPATKA
Asset Category:Residential
Full Address:101, King Residency Building, Plot No.5, King Residency Building, Flat No.101, on first floor, Corporation House No.86/01 (old), 746/02 (New) ward no.35, Circle No.24, City Survey no.2069, at Mouza, Jaripataka, Nelson Square, Chhindwara Road, Tal. Dist. Nagpur, JARIPATKA, Nagpur
Building/Society:King Residency Building
Size:2250 sq.ft.
Auction Description
Canara Bank is holding a SARFAESI auction for a residential house in JARIPATKA, Nagpur, Maharashtra. The auction is scheduled to start on 25-11-2025 at 12:00 PM and will conclude on the same day at 01:00 PM. The reserve price for this property is ₹10,000,000, with an Earnest Money Deposit (EMD) of ₹1,000,000 required to participate. This is a significant opportunity to bid on a property under the SARFAESI Act. All interested bidders are advised to review the auction terms and conditions carefully before participating.
Borrower Name:M/s Kothari M B Jewellers
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Devendra Indrakumar Kothari, Smt. Shashikala Indrakumar Kothari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential house in JARIPATKA, Nagpur, offered at a reserve price of ₹10000000.0. While the location is decent, symbolic possession may present challenges. The property's investment potential is rated as a Calculated Opportunity due to these factors.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
