Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610922
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹8,61,000
EMD:₹86,100
Auction Time:11.30 A.M. To 3.30 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:05-12-2025 11:30 AM
Property Description
This auction features a prime Land and Building asset located in Contai, Purba Medinipur, West Bengal. Previously owned by M/s. Rakib Cashew Processing, this residential property is offered by Punjab National Bank through a SARFAESI auction. It presents a compelling opportunity for investors or individuals seeking property in this developing region. The property is categorized as Land And Building, suitable for various purposes.
State:West Bengal
City:Purba Medinipur
Area:Contai
Asset Category:Residential
Full Address:2243, Mouza Majna, PS.-Contai, Dist-Purba Medinipur, West Bengal, Contai, Purba Medinipur
Size:8 Decima
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a Land And Building property in Contai, Purba Medinipur, West Bengal. The auction is scheduled to commence on December 5, 2025, at 11:30 AM and will conclude at 03:30 PM on the same day. The reserve price for this asset is INR 861,000, with an Earnest Money Deposit (EMD) of INR 86,100 required to participate. This is a unique chance to acquire property directly from the bank.
Borrower Name:M/s. Rakib Cashew Processing
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing area. The reserve price seems reasonable. Further due diligence is required to assess the market value and potential return before investing.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
