4,050 sq meter Industrial Plot for Auction in Akola – CBI

Property Details

Property type

Industrial Plot (Industrial)

Possession

Symbolic Possession

Area

4,050 sq meter (≈ 43,593 sq ft)

Reserve price / sq ft

₹263

Locality

—

City

Akola

State

Maharashtra

Pincode

444002

Address

Akola, Maharashtra, 444002 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Central Bank of India

Branch

JATHAR PETH AKOLA-4416

Auction type

SARFAESI Auction

Borrower

M/s K***** A*** I***** P**** M***** P***** G***** (*****

Auction start

11 Nov 2026, 10:00 AM

Auction end

11 Nov 2026, 06:00 PM

EMD submission deadline

11 Nov 2026, 05:59 PM

Inspection

—

Authorised officer

MAHESH NARWADE

Officer contact

7507572200

E-auction portal

BAANKNET (Property ID CBINJATHAR3671126632)

Price Check

This listing's reserve price works out to ₹263 per sq ft. The average across industrial bank auctions in Akola on our site is ₹3,729 per sq ft, so this one is 93% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CBINJATHAR3671126632)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 11 Nov 2026, 05:59 PM. It is refunded if you don't win.
5. Bid online on 11 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.