Land and Building for Auction Barasat Kolkata 3.1 Crore by Punjab National Bank

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• ▸Possession: Symbolic
• ▸Area: 13 Cottah 1 Chittak sq. ft.
• ▸Locality: Barasat
• ▸Reserve: ₹3,06,54,000
• ▸EMD: ₹30,65,400

About this property

Land And Building bank auction in Barasat, Kolkata by Punjab National Bank — reserve price ₹3,06,54,000, 13 Cottah 1 Chittak sq. ft., Symbolic possession.

Participate in the bank auction for a prime commercial property located in Barasat, Kolkata. This auction features a 95% share of the well-known Chayabani Cinema Hall, spanning the 1st, 2nd, and 3rd floors. The property is situated on K.N.C. Road, a high-visibility location in North 24 Parganas, covering approximately 13 Cottah 1 Chittak of land. This bank auction property is an excellent opportunity for investors looking to acquire commercial real estate in a bustling municipal area. With a reserve price of ₹3,06,54,000, this commercial space offers significant development potential. Interested bidders must complete the EMD submission by 24th September 2024. Don't miss this chance to invest in a major commercial landmark in West Bengal through a transparent Punjab National Bank auction process.

GeoSquare note: This property represents a significant commercial asset in a prime municipal location in Barasat. While the symbolic possession status and complex share-based ownership structure require thorough legal due diligence, the potential for repurposing a large commercial cinema hall makes it a strong investment for experienced developers.