Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611351
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹12,40,000
EMD:₹1,24,000
Bid Increment:₹20,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
A residential house located in Oswal Nagar, Ratlam, Madhya Pradesh. This property is being auctioned by Punjab National Bank as part of a SARFAESI action. The property is situated in a well-known area of Ratlam, offering a good residential opportunity.
State:Madhya Pradesh
City:Ratlam
Area:Oswal Nagar
Asset Category:Residential
Full Address:177 (Part), House No.177 (Part) Oswal Nagar Ratlam MP 457001, Oswal Nagar, Ratlam
Size:500 Sq.ft.
Auction Description
Punjab National Bank presents a SARFAESI auction for a residential house in Oswal Nagar, Ratlam, Madhya Pradesh. The auction is scheduled for November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this property is ₹12,40,000, with an Earnest Money Deposit (EMD) of ₹1,24,000. This is a prime opportunity to acquire a property through a bank auction.
Borrower Name:Mr Premiata Kumawat
Auction Type:SARFAESI Auction
Guarantor Names:Ravi Kumawat
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property presents a calculated opportunity due to its relatively low reserve price and manageable size, located in Oswal Nagar, Ratlam. The symbolic possession status and potential encumbrances necessitate thorough due diligence. With a strategic bid, this auction offers an entry point into the real estate market.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
