Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613460
Bank Name:Punjab National Bank
Branch Name:ARMB Branch : Surat
Reserve Price:₹60,00,000
EMD:₹6,00,000
Bid Increment:₹0.5
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2023-05-18
Property Description
This is a residential flat located in the area of Kachhigam, Daman and Diu. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It presents an opportunity for ownership in a well-situated location within Daman and Diu.
State:Daman and Diu
City:Daman and Diu
Area:kachhigam
Asset Category:Residential
Full Address:Industrial building No.-D, constructed on N.A. land bearing survey no.375/7, Vill-Kachigam, Nani Daman, Daman, Kachigam, Daman and Diu
Size:4605.00 sq. ft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential flat in Kachhigam, Daman and Diu. The auction has a reserve price of INR 6,000,000 and an Earnest Money Deposit (EMD) of INR 600,000. The bidding will commence on November 26, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. This is a prime opportunity to acquire property through a transparent auction process.
Borrower Name:M/s Jai Ambe Industries
Auction Type:SARFAESI Auction
Guarantor Names:M/s Mahavir Textile Industries, Mr. Subhash Krishna Chandra Sharma, Mr. Pramod Krishna Chandra Sharma
Legal Details
Possession Status:Symbolic
Encumbrance Details:Further Interest and expenses thereon
Why This Property
The property is located in an industrial area of Daman, offering decent potential for businesses or investors. The reserve price appears reasonable, but due diligence is needed regarding encumbrances and past liabilities. Given the industrial nature and the auction terms, this is a calculated opportunity rather than a prime investment.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no: —
