Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613051
Bank Name:Indian Bank
Branch Name:Zonal Office : Gorakhpur
Reserve Price:₹28,70,000
EMD:₹2,87,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 4:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:18-12-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a plot of land located in Naugarh, Siddharthnagar, Uttar Pradesh. The property is categorized as residential and was formerly owned by Sri Shivkaran. This is a valuable opportunity to acquire land in a developing area.
State:Uttar Pradesh
City:Siddharthnagar
Area:Naugarh
Asset Category:Residential
Full Address:Village Udwaliya, Tappa-Nagwa, Pragana & Tehsil Naugarh, District-Siddharthnagar, Naugarh, Siddharthnagar
Size:1292 sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Naugarh, Siddharthnagar, Uttar Pradesh. The auction will take place on November 19, 2025, from 11:00 AM to 4:00 PM. The reserve price is ₹28,70,000, with an Earnest Money Deposit (EMD) of ₹2,87,000 required to participate. This is a direct auction from the bank.
Borrower Name:Sri Shivkaran
Auction Type:SARFAESI Auction
Guarantor Names:Sri Sudhir, Sri Devbrat, Sri Tridev
Legal Details
Encumbrance Details:NIL, as known to bank
Why This Property
The property presents a moderate investment opportunity due to its location in Naugarh and the relatively affordable reserve price. While land acquisitions carry inherent risks, the auction terms seem standard. Further due diligence is recommended to assess local market conditions and potential for appreciation.
Contact Details
Branch:Branch Office : Zonal Office : Gorakhpur
Service Provider:BAANKNET
Contact Details:
Contact no: —
