Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613781
Bank Name:Punjab National Bank
Branch Name:ARMB RANCHI
Reserve Price:₹23,21,000
EMD:₹2,32,100
Bid Increment:₹50,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:16-12-2025 05:00 PM
Bid Start Date:2025-12-17
Property Description
This is a residential flat located in Jamshedpur, East Singhbhum, Jharkhand. The property is being auctioned by Punjab National Bank under SARFAESI regulations. Ideal for individuals or families seeking a home in a well-known area of Jharkhand.
State:Jharkhand
City:East Singhbhum
Area:Jamshedpur
Asset Category:Residential
Full Address:E-4, SHABINA APARTMENT, Road No 12, Jawaharnagar, Mango, Jamshedpur, Jawaharnagar, Mango, Jamshedpur
Building/Society:SHABINA APARTMENT
Size:1080 Sq.ft
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a residential flat in Jamshedpur, East Singhbhum, Jharkhand. The auction will commence on December 17, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at 23,21,000.00, with an Earnest Money Deposit (EMD) of 2,32,100.00 required to participate. This is a significant opportunity to acquire a property through a transparent bank auction process.
Borrower Name:M/s Dream Homes. Infrastructure
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Manish Kumar, Sri Suresh Prasad Sharma, Mr. Santosh Kumar singh, Mr. Santosh Kumar Pandey
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a residential flat in Jamshedpur, presents a calculated opportunity due to its reasonable reserve price and manageable EMD. While the location is not prime, the property type and size could appeal to local buyers. Further due diligence is recommended to assess the property's condition and market demand before bidding.
Contact Details
Branch:Branch Office : ARMB RANCHI
Service Provider:BAANKNET
Contact Details:
Contact no: —
