Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:610249
Bank Name:Bank of Maharashtra
Branch Name:Nagpur Zone
Reserve Price:₹6,75,75,000
EMD:₹67,57,500
Bid Increment:₹25,000
Auction Time:11:00 AM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a land property located in Kapsi (Khurd), Nagpur, Maharashtra. The property is being auctioned by the Bank of Maharashtra under the SARFAESI Act. It is categorized as residential land. The borrower is M/s Armaco Infralinks Pvt Ltd.
State:Maharashtra
City:Nagpur
Area:Kapsi (Khurd)
Asset Category:Residential
Full Address:Khasra no. 50 Out Of Total admeasuring 1.07 H, Occupancy Class 1, Mouza Kapsi (Khurd) , P H 35, Taluka Nagpur Rural, Distt Nagpur, Kapsi (Khurd), Nagpur
Size:2148.64 Sq Mtrs
Auction Description
Bank of Maharashtra is conducting a SARFAESI auction for a residential land parcel in Kapsi (Khurd), Nagpur, Maharashtra. The auction will take place on November 14, 2025, starting at 11:00 AM and concluding at 03:00 PM. The reserve price for this auction is ₹6,75,75,000.00, with an Earnest Money Deposit (EMD) of ₹67,57,500.00 required to participate. This is an opportunity to acquire land in a developing area of Nagpur.
Borrower Name:M/s Armaco Infralinks Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Shri Sudhir Harikrishna Bajaj, Shri Roshan Dariyanamal Hasani, Mrs. Sarita Ashish Jain
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in Kapsi (Khurd), Nagpur, the open land presents a promising investment due to its size and physical possession status. The reserve price is reasonable, and the location provides potential for future development. A strong buy recommendation is justified due to its long-term growth prospects.
Contact Details
Branch:Branch Office : Nagpur Zone
Service Provider:BAANKNET
Contact Details:
Atul Pardikar
Contact no:8384893938
