Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612893
Bank Name:Canara Bank
Branch Name:ARM BRANCH, : LUCKNOW
Reserve Price:₹63,09,000
EMD:₹6,30,900
Auction Time:10:00 AM to 2:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-15
Bid Start Date:2025-12-16
Property Description
This is a bank auction for an industrial property located in Kanpur, Uttar Pradesh. The property comprises industrial land and a building, previously owned by M/s Nanak Thermoforming Industries. It is being auctioned by Canara Bank under the SARFAESI Act. The property is situated in the industrial hub of Kanpur, offering potential for various industrial applications.
State:Uttar Pradesh
City:Kanpur
Area:Kanpur
Asset Category:Industrials
Full Address:D-115, UPSIDC Industrial Sector, Growth Centre, Plot No. D-115, UPSIDC Industrial Sector, Growth Centre Jainpur Kanpur, Jainpur, Kanpur
Building/Society:UPSIDC Industrial Sector, Growth Centre
Size:948.00 Sqmt
Auction Description
Canara Bank is conducting an online SARFAESI auction for an industrial land and building in Kanpur, Uttar Pradesh. The auction will take place on November 25, 2025, starting at 10:00 AM and concluding at 02:00 PM. The reserve price for this asset is ₹6,309,000, with an Earnest Money Deposit (EMD) of ₹630,900 required to participate. This is a significant opportunity for investors and businesses seeking industrial space in Kanpur.
Borrower Name:M/s Nanak Thermoforming Industries
Auction Type:SARFAESI Auction
Guarantor Names:Shri Mahinder Pal Singh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land and building located in Kanpur's UPSIDC Industrial Area, offering potential for industrial development. The reserve price is reasonable, but prospective buyers should conduct thorough due diligence regarding the industrial sector's market conditions in the area. The auction terms are standard, making it a calculated opportunity for investors familiar with the local industrial landscape.
Contact Details
Branch:Branch Office : ARM BRANCH, : LUCKNOW
Service Provider:BAANKNET
Contact Details:
Contact no:05222307898/8173004792/8218881233/9451914461/6387225284/7972690456/9634016436
