Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.9
Auction ID:610255
Bank Name:Bank of Maharashtra
Branch Name:Nagpur Zone
Reserve Price:₹24,45,300
EMD:₹2,44,530
Auction Time:11:00 a.m. to 03:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a residential plot located in Gadchiroli, Gadchiroli, Maharashtra, offered through a SARFAESI auction by the Bank of Maharashtra. The property is associated with borrower Mr. Gaurav Raju Madavi. This is an excellent opportunity to acquire land in a developing area.
State:Maharashtra
City:Gadchiroli
Area:Gadchiroli
Asset Category:Residential
Full Address:47, Plot No. 47, admeasurements 177.18 Sq. Mtrs., Being a portion of entire land bearing amalgamated Khasra No. 854/856/1 of Mouza Gadchiroli, P. H. No. 11, (Old No. 12), Gadchiroli, Gadchiroli
Size:177.18 Sq. Mtrs.
Auction Description
The Bank of Maharashtra is conducting a SARFAESI auction for a residential plot in Gadchiroli, Maharashtra. The auction has a reserve price of INR 24,45,300 and requires an Earnest Money Deposit (EMD) of INR 2,44,530. The auction will take place on November 14, 2025, from 11:00 AM to 03:00 PM. Interested bidders should review all auction terms and conditions before participating.
Borrower Name:Mr. Gaurav Raju Madavi
Auction Type:SARFAESI Auction
Guarantor Names:Ms. Gita Raju Madavi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The Gadchiroli plot offers a modest opportunity for investment due to its location and type. While the reserve price is relatively low, further investigation into the local market conditions is recommended. Auction terms are standard, making it a calculated risk with potential for reasonable returns.
Contact Details
Branch:Branch Office : Nagpur Zone
Service Provider:BAANKNET
Contact Details:
Atul Pardikar
Contact no:8384893938
