Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613458
Bank Name:Punjab National Bank
Branch Name:ARMB Branch : Surat
Reserve Price:₹60,00,000
EMD:₹6,00,000
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:26-11-2025 11:00 AM
Property Description
This is a residential flat located in kachhigam, Daman and Diu. The property is being auctioned by Punjab National Bank under the SARFAESI Act.
State:Daman and Diu
City:Daman and Diu
Area:kachhigam
Asset Category:Residential
Full Address:Industrial building No.-D, Industrial building No.-D, N.A. land bearing survey no. 375/7, Vill- Kachigam, Nani Daman, Kachhigam, Daman and Diu
Building/Society:Industrial building No.-D
Size:4605.00 sq. ft.
Auction Description
Punjab National Bank is conducting an online auction for a residential flat in kachhigam, Daman and Diu. The auction will take place on November 26, 2025, from 11:00 AM to 4:00 PM. The reserve price for this property is ₹60,00,000, with an Earnest Money Deposit (EMD) of ₹6,00,000. This is a SARFAESI auction, and the property was formerly owned by M/s Shiv Shakti Textiles.
Borrower Name:M/s Shiv Shakti Textiles
Auction Type:SARFAESI Auction
Guarantor Names:M/s Mahavir Textile Industries, Mr. Subhash Krishna Chandra Sharma, Mr. Pramod KrishnaChandra Sharma
Legal Details
Possession Status:Symbolic
Encumbrance Details:NOTE- This property is also Mortgage in NPA Account M/s Jai Ambe Industries (7170008700000459)
Why This Property
The property presents a calculated opportunity due to its industrial location and substantial size. While the symbolic possession adds some complexity, the relatively reasonable reserve price for the area could attract interested investors. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no: —
