Auction date awaited. The bank has listed this property for sale but has not scheduled the auction yet. The price shown is the bank's indicative price. Save it or get free alerts — once the auction is announced it will appear in our auction listings with the reserve price, EMD and date.

Industrial Plot SARFAESI Auction Symbolic Possession

4,000 sq meter Industrial Plot for Sale (Bank Auction) in Village, Savner, Nagpur – Union Bank

Village, Savner, Nagpur, Maharashtra · Auction ID #40570

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Indicative Price ₹40,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area4,000 sq meter

Property Details

Property type
Industrial Plot (Industrial)
Possession
Symbolic Possession
Area
4,000 sq meter (≈ 43,055 sq ft)
Reserve price / sq ft
₹93
Locality
Village, Savner
City
Nagpur
Pincode
441107
Address
VILLAGE, Savner, Maharashtra, 441107 View on map

Description (as per sale notice)

All that piece and parcel of Non Agriculture land (industrial cum commercial purpose) situated at Mouza Bhagimahari to Narsala Road Near Saoner MIDC PH No 10 survey no 106/2 Tah Saoner Dist-Nagpur 441107 total area 0.40 Hr (4000 Sq mtr) wherein construction along with shed

BAANKNET Property ID: UBINPUNNAB6216

Bank & Auction Details

Bank / Lender
Union Bank of India
Branch
ASSET RECOVERY BRANCH NAGPUR-578771
Auction type
SARFAESI Auction
Borrower
RELYANCE A*** I*****
Auction start
—
Auction end
—
EMD submission deadline
—
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹93 per sq ft. The average across industrial bank auctions in Nagpur on our site is ₹345 per sq ft, so this one is 73% 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 UBINPUNNAB6216)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before —. It is refunded if you don't win.
  5. Bid online on — 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Union Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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