Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614251
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹9,52,800
EMD:₹95,280
Bid Increment:₹15,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This auction features a parcel of land located in the BastiKhas area of Basti, Uttar Pradesh. The property is categorized as residential and is being auctioned by Indian Overseas Bank under SARFAESI regulations. This is a prime opportunity to acquire land in a developing region.
State:Uttar Pradesh
City:Basti
Area:BastiKhas
Asset Category:Residential
Full Address:Arazi No. 2435, Mauza Basti Khas, Tappa Haveli, Pargana Basti East, Tehsil Basti, District Basti, Basti Khas, Basti
Size:126.50 Sq.Mtr.
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a land property in BastiKhas, Basti, Uttar Pradesh. The reserve price for this auction is ₹9,52,800.00, with an EMD of ₹95,280.00. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. Bidders are advised to review all auction terms and conditions prior to participation.
Borrower Name:M/s. S. B. Garmente
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Pramod Kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in Basti, with a moderate reserve price. While land can be a good investment, potential buyers should carefully assess the location and market conditions before bidding. The terms of the auction appear standard, making it a calculated opportunity for those familiar with the area.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:8925953014
