Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612850
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹8,91,000
EMD:₹89,100
Bid Increment:₹25,000
Auction Time:11:00 a.m. to 5:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Kolar Road, Bhopal, Madhya Pradesh, offered for sale by Punjab National Bank through a SARFAESI auction. The property is associated with borrower Shri Deepak Kumar Rai.
State:Madhya Pradesh
City:Bhopal
Area:kolar Road
Asset Category:Residential
Full Address:B-2, Subh Allena, Flat No. B-2, Basement on Plot No.419-B (Old SL No.420) Subh Allena" situated at Krishna Kareem Nagar i.e KK Nagar (Sarvadharam Grih Nirman Sahakari Sanstha Maryadit), (Now Sarvadharam Sector-B, Ward No.82. Part of KH No.27/01, Village-Damkheda, Patwari Halka No.39, Kolar Road, Kolar Road, Bhopal
Building/Society:Subh Allena
Size:74.34 Sq. Mtr.
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential flat in Kolar Road, Bhopal. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is INR 8,91,000, with an Earnest Money Deposit (EMD) of INR 89,100 required to participate.
Borrower Name:Shri Deepak Kumar Rai
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable investment prospect given its location in Kolar Road, Bhopal, and the relatively low reserve price. However, the basement location and limited information necessitate careful evaluation. A calculated approach is recommended for potential bidders.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Shri Binit Kumar
Contact no:0755-2550020
