Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611255
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹57,29,000
EMD:₹5,72,900
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 04.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a SARFAESI auction for a residential land and building located in Mouza - Kantai, Purba Medinipur, West Bengal. The property is owned by M/s. Maa Ganga Dry Fish Wholesellers. This is a prime opportunity to acquire a property in a developing area. The property is being auctioned by Indian Bank.
State:West Bengal
City:Purba Medinipur
Area:Mouza - Kantai
Asset Category:Residential
Full Address:Mouza - Biramput, J.L No. 583, Touzi No. 32, RS & LR Dag No. 420, Khatian No. 282, Vill - Biramput, P.S. - Kanthi, Hal P.S. Junput Coastal, ADSRO - Kanthi 1 No. Block, Biramput, Purba Medinipur
Size:6 Decimal
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land and building in Mouza - Kantai, Purba Medinipur, West Bengal. The auction will take place on December 10, 2025, from 11:00 AM to 04:00 PM. The reserve price for this auction is INR 5,729,000, with an Earnest Money Deposit (EMD) of INR 572,900 required to participate. This is a significant opportunity for interested buyers to acquire the property at a competitive price.
Borrower Name:M/s. Maa Ganga Dry Fish Wholesellers
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nitai Ghorai, Mrs. Minu Ghorai
Legal Details
Possession Status:Symbolic
Encumbrance Details:Best of knowledge and information of the Authorised Officer, there is no encumbrance on the property
Why This Property
The property offers a decent investment opportunity due to its land size and residential building in Purba Medinipur. However, the location might require further market analysis, and the symbolic possession status adds a layer of complexity. The reserve price seems reasonable, warranting a calculated approach.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Branch Manager
Contact no:8697432815
