Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:610253
Bank Name:Bank of Maharashtra
Branch Name:Nagpur Zone
Reserve Price:₹3,51,50,000
EMD:₹35,15,000
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 bank auction of a vacant land parcel located in Nari, Nagpur, Maharashtra. The property is categorized as residential land and is being auctioned by the Bank of Maharashtra under SARFAESI proceedings. It represents an opportunity to acquire a plot in a developing area of Nagpur.
State:Maharashtra
City:Nagpur
Area:Nari
Asset Category:Residential
Full Address:364, Indore Housing Accommodation Scheme of NIT, NIT leasehold Plot no. 364, Indore Housing Accommodation Scheme, part of Khasra no. 155/1, Nari, Nagpur
Building/Society:Indore Housing Accommodation Scheme of NIT
Size:386.59 Sq Mtrs
Auction Description
The Bank of Maharashtra is conducting a SARFAESI auction for a residential land in Nari, Nagpur. 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 ₹3,51,50,000, with an Earnest Money Deposit (EMD) of ₹35,15,000 required to participate. This auction is an opportunity for interested buyers to bid on the property offered by the bank.
Borrower Name:Sh. Sanjay Rameshlal Nagrani
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in Nari, Nagpur, this land presents a compelling investment opportunity due to its location and development potential. The reserve price is attractive, but potential buyers should conduct thorough due diligence. The physical possession status adds to the appeal.
Contact Details
Branch:Branch Office : Nagpur Zone
Service Provider:BAANKNET
Contact Details:
Atul Pardikar
Contact no:8384893938
