Land for auction Bahoriband Katni 27 lakh Bank of India

This auction features a prime piece of land located in Bahoriband, Katni, Madhya Pradesh. The property, categorized as residential, is being auctioned by the Bank of India under the SARFAESI Act. It presents a significant opportunity for investors or individuals looking to acquire land in a developing region. The land is situated in a known area, offering potential for various development purposes. Details regarding the exact dimensions and boundaries will be provided in the full auction notice. This is a direct sale from the bank, ensuring a clear title and a transparent transaction process.

The Bank of India is conducting a SARFAESI auction for a residential land parcel in Bahoriband, Katni, Madhya Pradesh. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this valuable asset is set at INR 27,45,000, with an Earnest Money Deposit (EMD) of INR 2,74,500 required to participate. This auction is part of the recovery process related to the borrower M/s Ram Marble. Interested bidders are advised to review all auction terms and conditions meticulously before submitting their bids. Secure this land opportunity through a transparent bank auction.

The land offers potential given its location in Bahoriband, but the symbolic possession status and 'Not Known' encumbrance details introduce uncertainty. The reserve price seems reasonable, warranting further investigation. It's a calculated opportunity requiring careful due diligence.