Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613452
Bank Name:Punjab National Bank
Branch Name:Registered office
Reserve Price:₹9,50,000
EMD:₹95,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This SARFAESI auction by Punjab National Bank features a 'Land And Building' property located in the scenic area of Karsog, Mandi, Himachal Pradesh. Ideal for residential use, this asset offers a unique opportunity in a desirable location. The property is being auctioned due to loan default by the borrower, SH. HIRA SINGH.
State:Himachal Pradesh
City:Mandi
Area:karsog
Asset Category:Residential
Full Address:Muhal Mumail/419 Tehsil Karsog Distt Mandi Hp, Karsog, Mandi
Size:00-03-00 Bighas
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a Land and Building property in Karsog, Mandi. The auction will take place on December 5, 2025, starting at 11:00 AM and concluding at 4:00 PM. The reserve price is set at ₹9,50,000, with an Earnest Money Deposit (EMD) of ₹95,000 required to participate. This is a prime opportunity to acquire a residential property in Himachal Pradesh.
Borrower Name:SH. HIRA SINGH
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Karsog, Mandi, offers a potential investment in a scenic location. The reserve price appears reasonable. However, potential investors should carefully assess the location's market dynamics and any potential encumbrances.
Contact Details
Branch:Branch Office : Registered office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
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