Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:594426
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch Jabalpur
Reserve Price:₹55,10,000
EMD:₹5,51,000
Bid Increment:₹55,100
Auction Time:12:00 PM 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 is a SARFAESI auction by Union Bank of India for a Land and Building property located in Karmeta, Jabalpur, Madhya Pradesh. The property is categorized as residential and is being auctioned due to a default by M/s Hymn Trading, proprietor Gaganraj. The auction offers a valuable opportunity to acquire real estate in a key area of Jabalpur.
State:Madhya Pradesh
City:Jabalpur
Area:Karmeta
Asset Category:Residential
Full Address:Mouza Karmeta, Bandobast no.- 497, P.H No.- 23/27, Revenue Circle-Panagar, Part of Khasra No. 262/1, 262/2, 262/3, after Mutation 263/15 (Old), and khasra No. 262/15 (New), Karmeta, Jabalpur
Size:3360 sq.ft.
Auction Description
Union Bank of India is conducting an e-auction for a residential Land and Building property in Karmeta, Jabalpur on October 30, 2025. The auction will commence at 12:00 PM and conclude at 05:00 PM. The reserve price is set at ₹55,10,000, with an Earnest Money Deposit (EMD) of ₹5,51,000 required to participate. This SARFAESI auction presents a straightforward process for interested buyers to bid on the property.
Borrower Name:M/s Hymn Trading Proprietor-Gaganraj
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Andrew Thomas, Mr. Ajay Pal George
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential land and building in Karmeta, Jabalpur, offered at ₹5510000.0. While the location is decent, further due diligence is needed to ascertain market value. The auction terms seem standard, presenting a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : Asset Recovery Branch Jabalpur
Service Provider:BAANKNET
Contact Details:
Shashi Prakash
Contact no:9326079130
