Upcoming E-Auction Alert: JM Financial Offers Property Sale Under SARFAESI Act
Introduction
JM Financial Asset Reconstruction Company Limited has issued an E-Auction Sale Notice for the disposal of real estate properties, enabling financial institutions to recover outstanding dues under the SARFAESI Act, 2002. The auction, scheduled for 26 June 2025, offers interested parties an opportunity to acquire properties on an “As Is Where Is Basis,” “As Is What Is Basis,” and “Whatever Is There Is Basis.”
Tender Overview
- Tender Authority: JM Financial Asset Reconstruction Company Limited
- Tender ID: 1874926
- Tender Amount: ₹5,20,200
- Earnest Money Deposit (EMD): ₹52,020
- Bid Submission Deadline: 25 June 2025, by 4:00 PM
- Auction Start & End Date: 26 June 2025 (11:00 AM – 1:00 PM)
- Purchaser Address: Pitampura Branch, Delhi
- Official Website: Bank Auctions
Property Details
- Flat No. 364, Janta Flat, 3rd Floor, Pocket 3, Sector B4, Group 1, Narela, New Delhi – 110040
- Boundaries:
- North: Open Area
- South: Road
- East: Adjacent Flat
- West: Adjacent Flat
Who Can Apply?
The auction is open to a diverse range of applicants, including:
- Individual Buyers & Investors: Those seeking real estate for personal use or investment.
- Companies & Organisations: Businesses looking to expand their portfolio.
- Financial Institutions: Asset reconstruction firms and investment entities.
- Registered Bidders: Prospective buyers meeting eligibility criteria outlined in tender documents.
How to Apply?
- Access the Official Website – Visit Bank Auctions to review detailed tender documents.
- Examine Terms & Conditions – Carefully review auction guidelines, eligibility criteria, and financial requirements.
- Deposit Earnest Money (EMD) – Submit ₹52,020, as per tender specifications.
- Complete Online Registration – Register on the designated JM Financial ARC website or Bank Auctions portal.
- Submit Bid Before Deadline – Ensure bid submission by 25 June 2025, 4:00 PM. Late submissions will not be accepted.
- Participate in Online Auction – Engage in bidding on 26 June 2025, from 11:00 AM to 1:00 PM, with five-minute extensions if required.
- Finalise the Purchase – The highest bidder must complete legal formalities to secure the property.
Conclusion
The E-Auction by JM Financial Asset Reconstruction Company Limited provides a structured and transparent opportunity for individuals and organisations to acquire real estate at competitive rates. Bidders are encouraged to review tender documents carefully, register on time, and participate in the auction within the specified timeframe. For further details, visit the official website or contact the relevant department at the Pitampura Branch.
