Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610917
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹51,00,000
EMD:₹5,10,000
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, offered for auction by Punjab National Bank. The property is being auctioned under SARFAESI Act. It is an opportunity to acquire a commercial asset in a key area. Reserve Price: INR 51,00,000. Earnest Money Deposit (EMD): INR 5,10,000.
State:West Bengal
City:Purba Medinipur
Area:Contai
Asset Category:Commercial
Full Address:JL No. 119, LR Plot No. 172 & 533, LR Khatian, Kulberia, Contai
Size:2.325/1000 Decimal
Auction Description
Punjab National Bank presents 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 sealed bid auction. The reserve price is set at INR 51,00,000, with an Earnest Money Deposit (EMD) of INR 5,10,000 required to participate. This is a prime opportunity for investors and business owners.
Borrower Name:Mr. Sk. Rejaul Uddin
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Jahara Khatun Bibi, Mr. Sk. Ruhul Amin
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Contai, the property offers a commercial opportunity at a reasonable reserve price. While the location might not be prime, the affordable price and commercial potential justify a 'Calculated Opportunity' rating, requiring due diligence on market demand and accessibility.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
