Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609624
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹1,55,00,000
EMD:₹15,50,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:05.12.2025
Property Description
This is a residential house located in the prime area of Rajinder Nagar, New Delhi. The property is being auctioned by Punjab National Bank under SARFAESI Act. It presents a unique opportunity to own a house in a well-established locality of the capital city. The area is known for its connectivity and amenities.
State:Delhi
City:New Delhi
Area:Rajinder Nagar
Asset Category:Residential
Full Address:80 B, House No 80 B, Second floor, Block B, New Rajender Nagar, New Delhi, Rajinder Nagar, New Delhi
Size:128 Sq yds
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential house in Rajinder Nagar, New Delhi. The auction will take place on 05-12-2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this property is INR 1,55,00,000, with an Earnest Money Deposit (EMD) of INR 15,50,000 required to participate. This is a fantastic opportunity for interested buyers to acquire a property in a sought-after location.
Borrower Name:M/s AAR ESS Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Pran Bhasin, Sunila Bhasin, Rickey Bhasin, Shakuntala Bhasin, Sangeeta Bhasin
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property is located in a desirable area of Delhi. Given the property type and location, the reserve price seems reasonable, presenting a good investment prospect. The symbolic possession may require further due diligence.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Praveen Sammi
Contact no:8527977711
