Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609263
Bank Name:Phoenix ARC Private Limited
Branch Name:Regd. Office - Mumbai
Reserve Price:₹10,00,000
EMD:₹1,00,000
Auction Time:11:00 AM to 02:00 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2023-11-23
Bid Start Date:2023-11-24
Property Description
This is a bank auction for a residential plot located in Sagar, Sagar, Madhya Pradesh. The property is being auctioned by Phoenix ARC Private Limited under SARFAESI rules. The borrower is Javid Hanif Khan. This presents an opportunity to acquire a plot in a well-situated area.
State:Madhya Pradesh
City:Sagar
Area:Sagar
Asset Category:Residential
Full Address:Plot No.Kh.No 5/1 Ph.No.67 Mouja Lalai Touri Pagara Road, Lalai Touri Pagara Road, Sagar
Auction Description
Phoenix ARC Private Limited is conducting an online SARFAESI auction for a residential plot in Sagar, Madhya Pradesh. The auction will commence on November 24, 2025, at 11:00 AM and conclude at 02:00 PM on the same day. The reserve price for this property is ₹1,000,000, with an Earnest Money Deposit (EMD) of ₹100,000 required to participate. This is a valuable opportunity for prospective buyers interested in acquiring property through a bank auction.
Borrower Name:Javid Hanif Khan
Auction Type:SARFAESI Auction
Guarantor Names:Vinod Mendiratta
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Sagar presents a calculated opportunity due to its location and relatively low reserve price. While the area details are missing, the auction terms are standard. Further due diligence is recommended to assess development potential and local market conditions.
Contact Details
Branch:Branch Office : Regd. Office - Mumbai
Service Provider:Auctionbazaar
Contact Details:
Contact no: —
