Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610737
Bank Name:Bank of Baroda
Branch Name:Regional Office
Reserve Price:₹1,97,62,000
EMD:₹19,76,200
Bid Increment:₹1,00,000
Auction Time:14:00:00 to 18:00:00
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
This is a bank auction of a valuable parcel of land located in Nagpur, Maharashtra. The property is being auctioned by Bank of Baroda under SARFAESI Act. Ideal for residential development, this land presents a significant investment opportunity in a growing urban area. The borrower is M/s. Mehadia & Sons. This is a direct opportunity to acquire land in Nagpur city.
State:Maharashtra
City:Nagpur
Area:Nagpur
Asset Category:Residential
Full Address:Shop Block No.87 & 88, Nagpur General Merchants Co-operative Market cum Housing Society Ltd, Nagpur General Merchants Co-operative Market cum Housing Society Ltd, Nagpur constructed on Nagpur Leasehold Plot No.58, the entire land bearing Mouza - Nagpur, bearing City Survey No.107, Corporation House No.0049/111, Ward No.30, in the sanction layout of Nagpur Improvement Trust, Nagpur known and styled as Central Avenue Section I Scheme of Nagpur Improvement Trust, Nagpur Market Area Block Gandhibag, Gandhibagh, Nagpur
Building/Society:Nagpur General Merchants Co-operative Market cum Housing Society Ltd
Size:36.06 Sq. Mtrs
Auction Description
Bank of Baroda is conducting an online SARFAESI auction for a residential land parcel in Nagpur, Maharashtra. The auction will take place on November 21, 2025, from 2:00 PM to 6:00 PM. The reserve price is ₹1,97,62,000, with an Earnest Money Deposit (EMD) of ₹19,76,200 required to participate. This is a single-day auction event, offering a streamlined process for interested buyers.
Borrower Name:M/s. Mehadia & Sons
Auction Type:SARFAESI Auction
Guarantor Names:M/s Mehadia And Sons (Haryanan Jodhraj), M/s Mehadia And Sons (C&F), M/s RJ Tradelink, Mr.Pradeep Ramchandra Mehadia, Mr. Ramshankar Ramchandra Mehadia, Mrs. Sunita Kamal Agrawal, Mr Vimal Motilal Agrawal, Mrs. Sarita Vimal Agrawal, Mrs. Sharda Ramshankar Mehadia, Mrs. Nisha Pradeep Mehadia
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in Nagpur, presenting a calculated opportunity for investors. Its location in a cooperative market and relatively reasonable reserve price make it attractive. However, potential encumbrances or legal complexities should be thoroughly investigated before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Dipika Sondhiya
Contact no:8275966022
