House for auction Neminath Nagar Ratlam 15 lakh Punjab National Bank

This is a residential house located in the Neminath Nagar area of Ratlam, Madhya Pradesh. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It presents a valuable opportunity for prospective buyers to acquire a home in a well-established locality. The house is suitable for individual or family living and offers potential for customization. Its location in Ratlam provides access to local amenities and infrastructure.

Punjab National Bank is conducting an e-auction for a residential house in Neminath Nagar, Ratlam, Madhya Pradesh. This SARFAESI auction is scheduled to take place on November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this property is ₹15,30,000, with an Earnest Money Deposit (EMD) of ₹1,53,000 required to participate. This is a prime opportunity to bid on a bank-auctioned property. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.

The property presents a calculated opportunity due to its location in Ratlam and the affordable reserve price. However, the symbolic possession status introduces an element of risk. Further due diligence is advised before participating in the auction.