Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612006
Bank Name:Bank of India
Branch Name:Asset Recovery Branch -New Delhi
Reserve Price:₹20,94,000
EMD:₹2,10,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 11:00 AM
Bid Start Date:2025-11-25
Property Description
This is a bank auction for a commercial shop located in Badkhal, Faridabad, Haryana. The property is being auctioned by the Bank of India under SARFAESI proceedings. It is an ideal investment opportunity for businesses seeking a commercial space in a developing area.
State:Haryana
City:Faridabad
Area:Badkhal
Asset Category:Commercial
Full Address:LGF-17, Parsvnath City Mall, Shop Unit no. LGF-17, Parsvnath City Mall, Plot no. 03, Sector-12, Tehsil Badhkal, Badkhal, Faridabad
Building/Society:Parsvnath City Mall
Size:385 Sq. FL
Auction Description
The Bank of India is auctioning a commercial shop in Badkhal, Faridabad. The auction will be conducted online on November 25, 2025, starting at 11:00 AM and ending at 5:00 PM. The reserve price is ₹2,094,000, with an Earnest Money Deposit (EMD) of ₹210,000 required to participate. This is a SARFAESI auction for a commercial asset.
Borrower Name:Mr. Kapil Manchanda
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Asha Rani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Parsvnath City Mall presents a calculated opportunity due to its location and size. The reserve price seems reasonable, but potential investors should carefully evaluate market conditions and conduct thorough due diligence. The symbolic possession status adds an element of risk.
Contact Details
Branch:Branch Office : Asset Recovery Branch -New Delhi
Service Provider:BAANKNET
Contact Details:
Mr. Sube Singh
Contact no:+919673790244
