Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612683
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,90,00,000
EMD:₹29,00,000
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
This is a prime commercial office space located in Nashik, Maharashtra. The property is part of a bank auction conducted by Canara Bank. It offers a strategic business location within the city, ideal for various commercial ventures. The asset category is commercial, and the property type is specifically a commercial office, presenting a valuable investment opportunity in a growing economic hub.
State:Maharashtra
City:Nashik
Area:Nashik
Asset Category:Commercial
Full Address:A-9, Nashik Industrial Co. Op. Estate Ltd. (NICE), Plot No. A-9, 1st Floor Hall situated at Village Satpur Industrial Area in the Nashik Industrial Co. Op. Estate Ltd. (NICE), Satpur Industrial Area, Nashik
Building/Society:Nashik Industrial Co. Op. Estate Ltd. (NICE)
Size:441.73 Sq. mtrs
Auction Description
Canara Bank is conducting a SARFAESI auction for a commercial office property in Nashik, Maharashtra. The auction has a reserve price of INR 2,90,00,000 and an Earnest Money Deposit (EMD) of INR 29,00,000. The auction will take place on November 25, 2025, with bidding open from 12:00 PM to 01:00 PM. This is a unique opportunity to acquire a commercial asset through a transparent auction process.
Borrower Name:M/s.Mantras Green Resources Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Umesh Kumar Sharma, Mrs Kiran Umesh Sharma, Mrs. Krishta Prashant Kirve
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in an industrial area and its commercial nature. The reserve price should be carefully evaluated against market values in Nashik. The symbolic possession status also warrants further investigation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
