The Securities and Exchange Board of India (SEBI) has announced a public E-Auction of properties belonging to Bishal Group, Kalyani Developers, and Prayas Projects India Ltd., as part of recovery proceedings against defaulting entities.
This auction presents a unique investment opportunity for interested buyers to acquire properties across key districts of West Bengal. The sale is being conducted under SEBI’s recovery powers, offering properties on an “As is where is” basis.
SEBI has put up a range of properties, including vacant lands, residential plots, and land with buildings. Below is the detailed list:
Check Details Here: SEBI Sale Notice
| Lot | Location | Property Type | Area | Reserve Price |
|---|---|---|---|---|
| B1 | Coochbehar District | Vacant Land (Mouza- Bhetaguri) | 0.60 acre | ₹1.26 Crore |
| B2 | Chandannagar, Hooghly | Land with Building (RS Plot Nos. 1224-1226) | 0.34 acre | ₹6.81 Crore |
| B3 | Chandannagar, Hooghly | Residential House Property | 4500 sq.ft. | ₹1.02 Crore |
| B4 | Howrah District | Vacant Land (Mouza- Pansila) | 1.06 acre | ₹3.06 Crore |
| B5 | Medinipur District | Land (Mouza- Fuleswar) | 2.06 acre | ₹3.60 Crore |
| B6 | Bankura District | Land (Mouza- Kanjia) | 2.46 acre | ₹98.40 Lakhs |
| B7 | Bishnupur, Bankura | Land (Mouza- Dhobasol) | 0.83 acre | ₹33.60 Lakhs |
| B8 | Nadia District | Land (Mouza- Hanskhali) | 1.86 acre | ₹1.44 Crore |
| B9 | Jhargram District | Land (Mouza- Bandhgora) | 0.92 acre | ₹36.00 Lakhs |
| B10 | Purulia District | Land (Mouza- Beldi) | 2.21 acre | ₹1.32 Crore |
E-Auction Date: August 20, 2025 (11:00 AM to 1:00 PM)
Inspection Window: Open till July 26, 2025
Earnest Money Deposit (EMD) Submission Deadline: August 18, 2025
Bidding Platform: www.adroitvaluations.com
EMD: 10% of the Reserve Price, to be paid via NEFT/RTGS to ICICI Bank (Account: SEBIRRDAUC0725).
Successful Bidder Must Pay:
25% of the final bid amount (including EMD) within 48 hours of confirmation.
Remaining 75% + 1% Poundage Fee within 15 days after auction closure.
Bid Increment: As per property, starting from ₹25,000.
Auto-Extension: If a bid is placed within the last 5 minutes, bidding extends by another 5 minutes.
Properties are sold "As is where is" — with all existing and future encumbrances.
SEBI reserves the right to cancel or postpone the auction without notice.
Buyers bear all legal charges, taxes, dues, and statutory liabilities post-purchase.
Sale Certificate will be issued only after complete payment.
Adroit Technical Services Pvt. Ltd.
+91-7428993229 / +91-9310636000
auction@adroitvaluation.com
SEBI Eastern Regional Office, Kolkata
033-23023000
📧 recoveryero@sebi.gov.in
Official Auction Portal: www.adroitvaluations.com
SEBI Official Website: www.sebi.gov.in
This SEBI-led e-auction is a significant move in the ongoing recovery actions against financial defaulters. It not only empowers investors with verified property opportunities but also ensures legal transparency through an online bidding process.
Whether you’re an investor, business owner, or real estate buyer — this is a rare chance to acquire properties through an official regulatory auction platform.
Disclaimer: Buyers are advised to verify all details independently before participating. This information is summarized from SEBI’s official e-auction notice.