Land for auction 2 Diverted land and building, Khandwa, Khandwa by BOI

Property for Auction in Khandwa, Khandwa, Madhya Pradesh

Property Type IconProperty Type:
Land And Building
Location IconLocation:
Khandwa, Khandwa
Auction Date IconAuction Date:
30-07-2025 12:00 PM

Auction Details

Auction ID:539587

Bank Name:Union Bank of India

Branch Name:Asset Recovery Branch

Reserve Price:5,35,00,000

EMD:53,50,000

Service Provider:BAANKNET

Important Dates

Submission Date:29-07-2025 05:00 PM

Bid Start Date:30-07-2025 12:00 PM

Property Description

The property consists of diverted land and a building situated in Dondwada, Khandwa. Specifically, it includes Survey no 851/2, categorized for Commercial Diversion, covering an area of 1.40 Hectares, and Survey no 851/3, categorized for Industrial Diversion, also covering an area of 1.40 Hectares. Tehsil and District are Khandwa. Survey No 851/2 is owned by M/s Sethi Agritech Pvt Ltd, and Survey No 851/3 is owned by Mrs. Kamlesh Manakchand Sethi.

State:Madhya Pradesh

City:Khandwa

Area:Khandwa

Asset Category:Residential

Auction Description

The Union Bank of India is conducting a SARFAESI auction for a Land and Building property in Khandwa, Madhya Pradesh. The property is located at Dondwada, Survey no 851/2 (Commercial Diversion) with an area of 1.40 Hectares and Survey no 851/3 (Industrial Diversion) with an area of 1.40 Hectares, Tehsil Khandwa, Dist. Khandwa. Survey No 851/2 is owned by M/s Sethi Agritech Pvt Ltd, and Survey No 851/3 is owned by Mrs. Kamlesh Manakchand Sethi. The asset category is Residential. The auction will take place on July 30, 2025, from 12:00 PM to 05:00 PM. The reserve price is 53,500,000.00 and the Earnest Money Deposit (EMD) is 5,350,000.00. The application submission date is July 29, 2025, by 05:00 PM.

Borrower Name:M/s Sethi Agritech Pvt. Ltd

Auction Type:SARFAESI Auction

Contact Details

Contact Branch Manager

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