Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612348
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹23,50,000
EMD:₹2,35,000
Bid Increment:₹20,000
Auction Time:11:30 AM to 3:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-04
Bid Start Date:2025-12-05
Property Description
This auction features a prime piece of land with a building located in Ramnagar, Purba Medinipur, West Bengal. This residential asset, formerly owned by Mr. Kamal Kar, presents a unique opportunity for investors or prospective homeowners. The property is offered by Punjab National Bank through a SARFAESI auction, making it an attractive proposition in a developing area.
State:West Bengal
City:Purba Medinipur
Area:Ramnagar,
Asset Category:Residential
Full Address:Holding/Premises of Mouza/Vil-Hirapur, P.S-Ramnagar, Dist-Purba Medinipur, J.L. No. 60, Present L.R. Khatian No. 897 and 762, R.S and LR. Dag/Plot No. 502, Hirapur, Purba Medinipur
Size:21 Decimal
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a valuable land and building property in Ramnagar, Purba Medinipur, West Bengal. The auction will take place on December 5, 2025, from 11:30 AM to 3:30 PM. The reserve price is set at INR 2,350,000, with an Earnest Money Deposit (EMD) of INR 235,000 required to participate. This is a significant opportunity to acquire a property through a transparent banking auction process.
Borrower Name:Mr Kamal Kar
Auction Type:SARFAESI Auction
Guarantor Names:Amulya Kar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a good investment opportunity due to its location in Ramnagar and the potential for development. While the reserve price seems reasonable, potential buyers should conduct a thorough due diligence. Symbolic possession and 'Not Known to Bank' encumbrance details add a layer of risk.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Shriniwas Yadav
Contact no: —
