Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609633
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹3,20,00,000
EMD:₹32,00,000
Bid Increment:₹1,00,000
Auction Time:10:00 am to 4:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
This offering presents a prime opportunity to acquire land and a building in Ramanathapuram Taluk, Ramanathapuram, Tamil Nadu. Classified under the residential asset category, this property is being auctioned by Punjab National Bank. It's an ideal location for investment or development. The property is being sold "as is, where is" basis.
State:Tamil Nadu
City:Ramanathapuram
Area:Ramanathapuram Taluk
Asset Category:Residential
Full Address:D. No. 139/5,6,7, Agraharam Street, T.S.No.80,81,82,83,84,G.R.S No.325/796 in Part, J.S.R.O. No.1 Ramanathapuram, Ramanathapuram Town Old Ward No.3. New Ward No.2, Present Ward 30, Agraharam Street, Ramanathapuram
Size:4511 Sq.feet
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a valuable land and building property located in Ramanathapuram Taluk, Ramanathapuram, Tamil Nadu. The auction will commence on November 21, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at INR 3,20,00,000, with an Earnest Money Deposit (EMD) of INR 32,00,000 required. This is a significant opportunity for prospective buyers.
Borrower Name:M/s.Mogals Educational
Auction Type:SARFAESI Auction
Guarantor Names:Mr.P.Mohamed Eakieem, Mrs.Lyla Beevi, Mrs.A.R.Mohamed Fathima Rumana, Mr.M.E.Al.Suhail, Mr.M.E.Al Saleem
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property in Ramanathapuram presents a calculated opportunity, given its land and building type and location. While the reserve price is considerable, the symbolic possession status and clear encumbrance details offer a degree of security, warranting further due diligence before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
AUTHORISED OFFICER
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