Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:588473
Bank Name:Bank of India
Branch Name:Zonal Office : Varanasi
Reserve Price:₹19,58,000
EMD:₹1,96,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-30
Property Description
This auction features a prime Land and Building property located in Jaitpura, Varanasi, Uttar Pradesh. The asset, previously owned by M/s Shabnam Silk Fabrics, is categorized as residential. This is an excellent opportunity to acquire property in a developed area of Varanasi.
State:Uttar Pradesh
City:Varanasi
Area:Jaitpura
Asset Category:Residential
Full Address:J 21/32, House No. J 21/32, Mohalla Rasoolpura Ward Jaitpura, Jaitpura, Varanasi
Size:37.04 sq.mtr.
Auction Description
Bank of India is conducting a SARFAESI auction for a Land and Building property in Jaitpura, Varanasi, Uttar Pradesh. The auction will commence on October 30, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is set at ₹19,58,000, with an Earnest Money Deposit (EMD) of ₹1,96,000 required to participate.
Borrower Name:M/s Shabnam Silk Fabrics
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Basiruddin s/o Mr. Hazi Walliullah, Mr. Alimuddin s/o Mohd. Haroon
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property in Jaitpura, Varanasi, presents a calculated investment opportunity due to its location and type. With a relatively low reserve price and clear auction terms, it could be a worthwhile venture. However, potential buyers should conduct thorough due diligence before participating in the auction.
Contact Details
Branch:Branch Office : Zonal Office : Varanasi
Service Provider:BAANKNET
Contact Details:
Mr. Rahul Singh
Contact no:8210709053
