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Land & Building SARFAESI Auction

8,494 sq m Land & Building for Auction in Latur – Kotak

Latur, Maharashtra · Auction ID #7257

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Reserve Price ₹5,00,00,000
EMD (Earnest Money)₹50,00,000
Bid Increment₹1,00,000
Auction Date 15 Oct 2026, 12:00 PM In 15 days
EMD Last Date 14 Oct 2026, 04:00 PM In 14 days
Area8,494 sq m

Property Details

Property type
Land & Building (Residential)
Possession
Not specified
Area
8,494 sq m (≈ 91,428 sq ft)
Reserve price / sq ft
₹547
Locality
—
City
Latur

Description (as per sale notice)

All that piece and parcel of Land Plot No. B-123 & Plot No. B-123/1, Out of Harangul (Bk.) situated at Latur, Owned by MIDC Leasehold by Mukesh s/o. Dalchand Agrawal, Rajesh s/o. Ramesh Mundada, Gagan, s/o. Hariprasad Malpani & Gangabishan, s/o. Madangopal Bhutada, Partners M/s. Ammba Agro Industries located at Harangul (Bk.) Additional MIDC, Latur, admeasuring total admeasuring area 8494 sq. mtrs & built up area 4319.83 sq. mtrs which are bounded as under: Boundaries East: MIDC Open Space No.22. West: Plot No. B-124 & B-125. South: MIDC Road (30 Mtr. Wide) North: MIDC Open Space No.22 Together with all existing buildings and structures thereon and building and structures as may be erected/constructed there upon any time from/after the date of respective mortgages and all additions thereto and all fixtures and furniture's and plant and machinery attached to the earth or permanently fastened to anything attached to the earth, both present and future. Hypothecation: Plant & Machinery: Sorting Machine Nanta 3000G CCD Camera Sorter Model NANTA3128 G-China Made, Welding Transformer, Hoppers 2x2.4x1, Hoppers 2.3x2.3x1, Hoppers 1x1x1, Hoppers 3x3x1, Elevators - 7m height (8'x8'), Electronic Weigh Machine, Trolley Manual, Sortex Old Type, Elevators structure with staircase (6m height x 4.5 width), Staircase (incline length 5 x 0.6 width), Electric panel board, A/C receiver tank, Sortex machine, Mortar 0.5hp, Elevators -10 mtrs height, etc.

Bank & Auction Details

Bank / Lender
Kotak Mahindra Bank
Branch
Kotak Mahindra Bank Ltd. Malad (East), Mumbai ( SME Corporate Legal ) - BO
Auction type
SARFAESI Auction
Borrower
M/s. A**** A*** I*****
Auction start
15 Oct 2026, 12:00 PM
Auction end
15 Oct 2026, 01:00 PM
EMD submission deadline
14 Oct 2026, 04:00 PM
Inspection
01 Oct 2026, 12:00 PM – 01 Oct 2026, 02:00 PM
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹547 per sq ft. The average across residential bank auctions in Latur on our site is ₹3,538 per sq ft, so this one is 85% 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 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹50,00,000 before 14 Oct 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 15 Oct 2026 starting above the reserve price, in multiples of ₹1,00,000.
  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 Kotak Mahindra Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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