Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610856
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹55,00,000
EMD:₹5,50,000
Bid Increment:₹50,000
Auction Time:11.30 A.M. To 3.30 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a commercial property located in Contai, Purba Medinipur, West Bengal, being auctioned by Punjab National Bank. The property is categorized as commercial and is being auctioned under SARFAESI proceedings. It is an excellent opportunity to acquire a commercial asset in a developing area. The reserve price for this auction is ₹55,00,000, with an Earnest Money Deposit (EMD) of ₹5,50,000.
State:West Bengal
City:Purba Medinipur
Area:Contai
Asset Category:Commercial
Full Address:Vill & Mouza-Balabhadrapur, within Nayaput Gram Panchayat, P.S.-Contai Dist-Purba Medinipur. J.L. No. 361, LR Khatian No. 649, bearing Plot No. (RS) & (LR) 639, Balabhadrapur, Contai
Size:22.50 Decimal
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a commercial property in Contai, Purba Medinipur, West Bengal. The auction will commence on November 26, 2025, at 11:30 AM and conclude at 03:30 PM on the same day. This is a prime opportunity to bid on a commercial asset with a reserve price of ₹55,00,000. The EMD required to participate is ₹5,50,000. The property is associated with the borrower M/s. Giri Enterprise.
Borrower Name:M/s. Giri Enterprise
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Manjushree Giri
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This commercial property in Contai presents a calculated opportunity due to its location and size. With a reserve price of ₹5500000.0, it could be a viable investment. However, potential buyers should thoroughly investigate the area's commercial viability and growth potential before bidding.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
