Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:614153
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT(ARM) II BRANCH,
Reserve Price:₹25,50,000
EMD:₹2,55,000
Auction Time:12:30 PM to 01:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2023-11-27
Bid Start Date:2023-11-30
Property Description
This is a SARFAESI auction for a residential land and building property located in Moradabad, Uttar Pradesh. The property is being auctioned by Canara Bank and is associated with borrower M/s Tiles World. The auction is scheduled to take place on November 28, 2025, from 12:30 PM to 01:30 PM.
State:Uttar Pradesh
City:Moradabad
Area:Moradabad
Asset Category:Residential
Full Address:Village Mehmoodpur Tigri Tehsil & Dist Moradabad, Uttarpradesh, Mehmoodpur Tigri, Moradabad
Size:182.39 square meter
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Moradabad, Uttar Pradesh. The reserve price for this auction is INR 2,550,000.0, with an Earnest Money Deposit (EMD) of INR 255,000.0 required. The auction will be held on November 28, 2025, with bidding open between 12:30 PM and 01:30 PM. This is an opportunity to acquire property in Moradabad.
Borrower Name:M/s Tiles World
Auction Type:SARFAESI Auction
Guarantor Names:Iftekar Hussain, Fasiyaara Dariyai Road Kashipur, Jagdish Chand
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building located in Moradabad. The reserve price is reasonable, but further due diligence is needed on the location and encumbrances to fully assess its investment potential. Given the rural location, it represents a calculated opportunity.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT(ARM) II BRANCH,
Service Provider:BAANKNET
Contact Details:
Sh. Manoj Kumar
Contact no:8826933887
