Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613796
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,50,00,000
EMD:₹25,00,000
Auction Time:12:00 PM to 1:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A significant land parcel located in Nandurbar, Maharashtra, offered for sale by Canara Bank through a SARFAESI auction. This property, previously associated with M/s Shankarrao Uttamrao Patil, presents a prime opportunity in the residential asset category. Its location in Nandurbar offers potential for development or investment. The land is being auctioned with a reserve price of ₹2,50,00,000 and requires an EMD of ₹25,00,000. This is a unique chance to acquire land in a developing area.
State:Maharashtra
City:Nandurbar
Area:Nandurbar,
Asset Category:Residential
Full Address:gat no. 84/2 & gat no. 87/1, on dirajgao-Fulsara road, off nandurbar-suraj road, at dirajgao, Tal & Dist. Nandurbar-413006, Dirajgao, Nandurbar
Size:56500 sqmtr
Auction Description
Canara Bank is conducting a SARFAESI auction for a land property in Nandurbar, Maharashtra. The auction will take place on 25-11-2025, with bidding open from 12:00 PM to 01:00 PM. The reserve price for this valuable land asset is ₹2,50,00,000, and interested parties must submit an Earnest Money Deposit (EMD) of ₹25,00,000. This auction is an excellent opportunity for investors and developers to acquire property in Nandurbar. All terms and conditions as per the SARFAESI Act will apply.
Borrower Name:M/s Shankarrao Uttamrao Patil
Auction Type:SARFAESI Auction
Guarantor Names:S. Vilas S Patil, Nilesh Infrastructure Pvt.Ltd., Nirmalabai S Patil, Sri. Nilesh S Patil, Pravin Vitthal Patil
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a large industrial land parcel with a stone crusher, which may appeal to specific investors in that sector. While the location in Nandurbar is not a prime metropolitan area, the reserve price and EMD are significant, indicating a substantial investment. Potential buyers should conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
