Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609629
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹3,08,68,000
EMD:₹30,87,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:16-12-2025 05:00 PM
Bid Start Date:17.12.2025
Property Description
This is a residential house located in Gurgaon, Gurugram, Haryana. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It is an excellent opportunity to acquire a house in a prime location. The reserve price for this property is ₹3,08,68,000 with an Earnest Money Deposit (EMD) of ₹30,87,000. The borrower for this asset was M/s Prag Allied Chemicals.
State:Haryana
City:Gurugram
Area:Gurgaon
Asset Category:Residential
Full Address:1499, House No-1499, Sec-21, Gurugram-122016, Sec-21, Gurgaon
Size:179 Sq. Yards
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential house in Gurgaon, Gurugram, Haryana. The auction will take place on December 17, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹3,08,68,000, with an EMD of ₹30,87,000 required to participate. This is a secured creditor auction, offering a chance to bid on the property previously associated with M/s Prag Allied Chemicals.
Borrower Name:M/s Prag Allied Chemicals
Auction Type:SARFAESI Auction
Guarantor Names:Pramod Kumar Gupta, Y K Gupta, Kamlesh Gupta, Dipanshu Gupta, Yogita Gupta, Kavita Gupta
Legal Details
Possession Status:Symbolic
Encumbrance Details:A Securitization application is pending before DRT-I Chandigarh with SA No 61/2025 & NDOH is 03.11.2025.
Why This Property
The property in Gurgaon presents a calculated opportunity due to its residential nature and established location. The reserve price and pending legal encumbrances suggest a degree of caution, however, the location's market value offers potential for appreciation. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Sanjay Gosain
Contact no:9610505115
