Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610905
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹3,38,91,000
EMD:₹33,89,100
Bid Increment:₹5,00,000
Auction Time:11:00 to 16:00
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This auction features a prime Land and Building asset located in Milak, Rampur, Uttar Pradesh. Ideal for residential purposes, this property is being auctioned by Punjab National Bank under SARFAESI regulations. The borrower is M/s Mehmood Rice Mill. The auction presents a significant opportunity to acquire valuable real estate in a developing region.
State:Uttar Pradesh
City:Rampur
Area:Milak
Asset Category:Residential
Full Address:Khata No: 42, Gata No: 6, Village - Meundi, Near Bharat Petrol Pump, Tehsil - Milak, District - Rampur, Meundi, Rampur
Size:12140.00 sq. mtrs
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Milak, Rampur, Uttar Pradesh. The auction starts on November 26, 2025, at 11:00 AM and concludes at 04:00 PM on the same day. The reserve price is INR 3,38,91,000, with an Earnest Money Deposit (EMD) of INR 33,89,100 required to participate. This is a direct opportunity to bid on a substantial asset from a leading financial institution.
Borrower Name:M/s Mehmood Rice Mill
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Abarar Ahmad s/o Sh. Abdul Wahid, Sh. Gulzar Ahmad s/o Sh. Abdul Wahid, Smt. Shabeena Junaid w/o Sh. Junaid Ahmad, Sh. Mohd. Arshad s/o Sh. Navi Hasan, Smt. Sahana Begum w/o Sh. Akhlak Ahmad
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The rice mill property in Rampur presents a calculated investment opportunity. While the location is industrial, the large land area and relatively reasonable reserve price suggest potential for value appreciation, justifying a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Mr. Sunil Verma
Contact no:+917080802460
