80.51 sq meter House for Auction in Kandri Mines, Nagpur – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

80.51 sq meter (≈ 866 sq ft)

Reserve price / sq ft

₹1,523

Locality

Kandri Mines

City

Nagpur

State

Maharashtra

Pincode

441401

Address

Kandri Mines, Maharashtra, 441401 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

KAMPTEE COLLIERIES - 755

Auction type

SARFAESI Auction

Borrower

M/s. T** O***** E***** (*****

Auction start

20 Nov 2026, 10:00 AM

Auction end

20 Nov 2026, 05:00 PM

EMD submission deadline

20 Nov 2026, 05:00 PM

Inspection

01 Nov 2026, 10:00 AM – 19 Nov 2026, 05:00 PM

Authorised officer

Aditi Ramteke

Officer contact

7420880058

E-auction portal

BAANKNET (Property ID IDIB0TAJOXY)

Price Check

This listing's reserve price works out to ₹1,523 per sq ft. The average across residential bank auctions in Nagpur on our site is ₹6,448 per sq ft, so this one is 76% 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 1 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB0TAJOXY)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 20 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 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.