Property for Auction in Jagadhri, Yamunanagar, Haryana
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611001
Bank Name:Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹88,19,000
EMD:₹8,81,900
Bid Increment:₹1,00,000
Auction Time:11:00 A.M. to 5.00 P.M.
Service Provider:BAANKNET
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
This is a prime plot of land located in Jagadhri, Yamunanagar, Haryana. Offered by the Bank of India through a SARFAESI auction, this residential land presents a significant investment opportunity. The property is situated in a well-established area, offering potential for development or personal use. Its strategic location in Yamunanagar, a city known for its industrial and commercial activities, adds to its appeal. This land parcel is being auctioned as part of the recovery process for M/s Madan Lal & Co. Secure this valuable asset in Haryana.
State:Haryana
City:Yamunanagar
Area:Jagadhri
Asset Category:Residential
Full Address:Village Kotarkhana Tehsil Jagadhri Distt. Yamuna Nagar H.B. No. 366, Kotarkhana, Yamunanagar
The Bank of India is conducting an online SARFAESI auction for a valuable plot of land in Jagadhri, Yamunanagar, Haryana. The auction is scheduled to commence on November 25, 2025, at 11:00 AM and will conclude at 5:00 PM on the same day. The reserve price for this residential land is ₹88,19,000, with an Earnest Money Deposit (EMD) of ₹8,81,900 required to participate. This auction is a legal process initiated under SARFAESI Act for the recovery of dues from M/s Madan Lal & Co. Don't miss this chance to bid on a prime piece of land.
Borrower Name:M/s Madan Lal & Co
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Pushpa Rani W/o Sh. Madan Lal
Possession Status:Physical
Encumbrance Details:Not Known to Bank
The property's location in Yamunanagar, combined with its agricultural use and existing rice mill, presents a viable opportunity. However, potential buyers should carefully assess the market value, operational costs, and any environmental regulations related to the rice mill before bidding. The reserve price appears reasonable, but due diligence is key.
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Mr. Rakesh Kumar
Contact no:9987048267