Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613204
Bank Name:Bank of India
Branch Name:Zonal Office : New Delhi
Reserve Price:₹20,05,000
EMD:₹2,00,500
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-09
Property Description
Prime commercial shop located in the heart of Kanpur, Uttar Pradesh. This asset is ideal for retail or office space, offering excellent visibility and accessibility in a bustling area. The property is part of a SARFAESI auction conducted by the Bank of India. M/s Yash Garments is the borrower. This is a fantastic opportunity to acquire a commercial property in a rapidly developing city.
State:Uttar Pradesh
City:Kanpur
Area:Kanpur
Asset Category:Commercial
Full Address:Shop No. 6, Hamraz Complex, Premises No. 60/23, 60/23-A, 60/24, 60/43, 60/43-A, Purani Dal Mandi (Nayaganj Gola) "Hamraz Complex", Purani Dal Mandi (Nayaganj Gola), Kanpur
Building/Society:Hamraz Complex
Size:12.11 Sq. Mtr.
Auction Description
Bank of India presents a SARFAESI auction for a commercial shop in Kanpur, Uttar Pradesh. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is set at ₹20,05,000, with an Earnest Money Deposit (EMD) of ₹2,00,500 required to participate. Secure this valuable commercial asset in a timely manner.
Borrower Name:M/s Yash Garments
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Indu Devi Mundhra, Mrs. Kamla Solanki, Mr. Yash Mundhra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Kanpur presents a calculated opportunity due to its central location and affordable reserve price. While the size is relatively small, its placement in Purani Dal Mandi can be advantageous. The symbolic possession and auction terms require careful consideration of associated risks and potential ROI.
Contact Details
Branch:Branch Office : Zonal Office : New Delhi
Service Provider:BAANKNET
Contact Details:
Mr. Hari Ram Yadav
Contact no:8401891530
