Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610887
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹34,40,000
EMD:₹3,44,000
Bid Increment:₹25,000
Auction Time:11.30 A.M. To 3.30 P.M
Service Provider:Public Auction
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a prime opportunity to acquire a land and building asset in Panskura, Purba Medinipur, West Bengal. The property, previously owned by Mis. Model Furniture House, falls under the residential asset category. Its strategic location in Panskura makes it suitable for various development or personal use purposes. The auction is being conducted by Punjab National Bank.
State:West Bengal
City:Purba Medinipur
Area:Panskura
Asset Category:Residential
Full Address:291 & 292, Dist Purba Medinipur, P.S.-Panskura, Mouza Dakshin Gopalpur, J.L No. 84, School Para under Panskura Municipality, Kh. No. 683, Plot No. 291 & 292, Dakshin Gopalpur, Panskura
Size:5 Decimal
Auction Description
Punjab National Bank is holding a SARFAESI auction for a land and building property in Panskura, Purba Medinipur, West Bengal. The auction is scheduled to commence on November 26, 2025, at 11:30 AM and will conclude at 3:30 PM on the same day. The reserve price for this valuable asset is ₹3,440,000, with an Earnest Money Deposit (EMD) of ₹344,000 required to participate. This is a significant opportunity for interested bidders.
Borrower Name:Mis. Model Furniture House
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a good opportunity due to its location and the potential for development. However, the land and building is a calculated opportunity. The price is reasonable, and the auction terms are standard, making it a worthwhile consideration for informed investors.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
