1,302.01 sq feet Residential Plot for Auction in Nagpur – Indian Bank

Property Details

Property type

Residential Plot (Residential)

Possession

Physical Possession

Area

1,302.01 sq feet (≈ 1,302 sq ft)

Reserve price / sq ft

₹3,750

Locality

—

City

Nagpur

State

Maharashtra

Pincode

440030

Address

Nagpur, Maharashtra, 440030 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

DESHPANDE LAYOUT, NAGPUR - 1604

Auction type

SARFAESI Auction

Borrower

M/s. W***** F***** P***** L***** (*****

Auction start

18 Nov 2026, 10:00 AM

Auction end

18 Nov 2026, 05:00 PM

EMD submission deadline

18 Nov 2026, 04:59 AM

Inspection

22 Oct 2026, 10:00 AM – 17 Nov 2026, 04:00 PM

Authorised officer

Mr Pritesh Parteki - Senior Manager

Officer contact

9607996682

E-auction portal

BAANKNET (Property ID IDIB0WINICE)

Price Check

This listing's reserve price works out to ₹3,750 per sq ft. The average across residential bank auctions in Nagpur on our site is ₹6,448 per sq ft, so this one is 42% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 22 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB0WINICE)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 18 Nov 2026, 04:59 AM. It is refunded if you don't win.
5. Bid online on 18 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.