Vijaygroup Housing assets worth Rs107 crore to be auctioned on 20 Sept

An e-auction has been announced for the sale of assets belonging to Vijaygroup Housing Private Limited (In Liquidation). The company’s assets, which include under-construction buildings, vacant land, and moveable assets, are being offered for sale as both a going concern and on a standalone basis.

The e-auction is being conducted by the appointed Liquidator, Birendra Kumar Agrawal. The sale is proceeding on an “AS IS WHERE IS,” “AS IS WHAT IS,” “WHATEVER THERE IS” basis, in accordance with the IBBI (Liquidation Process) Regulations, 2016. The e-auction will take place on Saturday, September 20, 2025, from 12:00 PM to 2:00 PM.

Assets on Offer

The assets are divided into two main categories:

1. As a Going Concern: The entire company, Vijaygroup Housing Private Limited, is available for sale as a going concern, including all its assets. The reserve price for this is set at Rs. 106,80,88,333, with an earnest money deposit (EMD) of Rs. 10,68,00,000

2. Standalone Assets: The standalone assets are grouped into three lots:

• Lot 1: Under-construction buildings NE-24, SE-05, and SE-25, along with the associated land. This lot has a reserve price of Rs. 16,00,65,000 and an EMD of Rs. 1,60,00,000

.

• Lot 2: A large vacant land parcel of approximately 2,82,997.87 square meters. The reserve price for this lot is Rs. 90,76,50,000, with an EMD of Rs. 9,07,65,000

.

• Lot 3: Moveable assets located at ‘Vijay Estate-Vakas,’ with a reserve price of Rs. 3,73,334 and an EMD of Rs. 37,300

.Auction Process and Key Dates

Interested bidders must register on the e-auction platform, baanknet.com, and submit eligibility documents online. The deadline for eligibility document submission is September 15, 2025. The last date to deposit the Earnest Money Deposit is September 17, 2025.

Asset inspection is available from 10:00 AM to 7:00 PM between August 16, 2025, and September 16, 2025. The e-auction will be held on the baanknet.com platform. Further details and the full terms and conditions are available on the website. For any inquiries, bidders can contact Rohan R. Yadav at +91 7977703937 or email cirp.vhpl@gmail.com. The notice for the sale was issued from Mumbai on August 16, 2025.

Vijaygroup Housing has been undergoing corporate insolvency resolution process (CIRP) since September 2022. It owes Rs 753 crore to different creditors including Rs 625 crore to banks and financial institutions.

Also See: Future Retail’s iconic brands Big Bazaar, Foodhall up for auction with ₹155 cr reserve price