Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611770
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹30,40,000
EMD:₹3,04,000
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:20-11-2025 11:30 AM
Property Description
This is a residential plot located in Theog, Shimla, Himachal Pradesh. The property is being auctioned by Canara Bank under SARFAESI rules. It presents a potential opportunity for development or investment in the scenic Shimla region. The plot is offered as part of a bank auction due to a borrower's default.
State:Himachal Pradesh
City:Shimla
Area:Theog
Asset Category:Residential
Full Address:Khata Khatauni No. 42/80 to 82, Kitas 16, Chak/Mohal Kalju Patwar Circle Dharampur Tehsil Theog, Distt Shimla H.P., Theog, Shimla
Size:00-01-52 hectare
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential plot in Theog, Shimla, Himachal Pradesh. The auction is scheduled for November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹30,40,000, with an Earnest Money Deposit (EMD) of ₹3,04,000 required to participate. This is a public auction event for a property previously owned by borrower Sh Bala Nand.
Borrower Name:Sh Bala Nand
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property, a plot in Theog, Shimla, presents a calculated opportunity due to its location and reserve price. While the location is promising, further due diligence is needed regarding accessibility and development potential. The auction terms are standard, making it a relatively moderate-risk investment.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
