Property for Auction in Burdwan (PB), Purba Bardhaman, West Bengal
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611871
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹3,12,98,000
EMD:₹31,29,800
Bid Increment:₹50,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
This SARFAESI auction presents a unique opportunity to acquire a Land and Building property in Burdwan (PB), Purba Bardhaman, West Bengal. The asset is categorized as Residential and is being auctioned by Punjab National Bank. The property was previously associated with M/s IPZ Layer Firm. Ideal for investment or personal use, this property is situated in a well-established area of Purba Bardhaman.
State:West Bengal
City:Purba Bardhaman
Area:Burdwan (PB)
Asset Category:Residential
Full Address:Vill- Orgram, Mouza-Orgram, JL No. 11. LR Kh No. 6790 and 6554 (Previous LR Kh No 31) LR Plot No. 5278, 5280, 5281 5205/16617 and 5279, covered under Deed No. 1-066/2018 & 1-5906/2017, Orgram, Burdwan
Size:2.34 Acre
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property located in Burdwan (PB), Purba Bardhaman, West Bengal. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this residential asset is ₹3,12,98,000, with an Earnest Money Deposit (EMD) of ₹31,29,800. Interested bidders are advised to review all auction terms and conditions provided by the bank.
Borrower Name:M/s IPZ Layer Firm
Auction Type:SARFAESI Auction
Guarantor Names:Sk Imamuddin (Partner), Parsina Begam (Partner)
Possession Status:Symbolic
Encumbrance Details:Not known to Bank at present.
The Burdwan property offers reasonable potential given its size and location, though the symbolic possession and 'as is' condition introduce risk. The reserve price requires careful market analysis to ensure a positive return on investment. This is a calculated opportunity suitable for investors with experience in property development and auction acquisitions.
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Ashok Kumar
Contact no:9102405790