Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:610869
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹13,10,000
EMD:₹1,31,000
Bid Increment:₹10,000
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 SARFAESI auction presents a unique opportunity to acquire a Land and Building asset in Contai, Purba Medinipur, West Bengal. Previously associated with M/s. Jana Cashew Processing, this residential property is being auctioned by Punjab National Bank. It offers potential for various development or investment purposes in a well-established area.
State:West Bengal
City:Purba Medinipur
Area:Contai
Asset Category:Residential
Full Address:299 & 300, Mouza - Kachua, P.S.-Contai, Dist Purba Medinipur, bearing Plot No. 299 & 300, Kachua, Contai
Size:14.5 Decimal
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a valuable Land and Building property in Contai, Purba Medinipur, West Bengal. The auction will take place on November 26, 2025, starting at 11:30 AM and closing at 03:30 PM. The reserve price is set at ₹13,10,000, with an Earnest Money Deposit (EMD) of ₹1,31,000 required to participate. This is a prime chance to invest in real estate.
Borrower Name:M/s. Jana Cashew Processing
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a calculated opportunity due to its location and type, but the relatively lower market price and limited information contribute to a moderate risk profile. The auction terms seem standard, making it a reasonable investment option for those familiar with the area.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
