Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610885
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹16,66,000
EMD:₹1,66,600
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:2023-11-26
Property Description
This is a unique opportunity to acquire a Land and Building property located in Tamluk, Purba Medinipur, West Bengal. The asset is categorized as Residential and is being auctioned by Punjab National Bank under the SARFAESI Act. The property is situated in a key area of Purba Medinipur, offering potential for various residential uses. The borrower is M/s. Midya Service Station.
State:West Bengal
City:Purba Medinipur
Area:Tamluk.
Asset Category:Residential
Full Address:A-1, Sarada Apartment, Mouza-Parbatipur, PS-Tamluk, Dist-Purba Medinipur, Plot No. 171, JL. No. 143, Kh. No 1092/1 (LR.). Sarada Apartment, Flat No. A-1, Ground Floor, Parbatipur, Tamluk
Building/Society:Sarada Apartment
Size:525 Sq.ft.
Auction Description
Punjab National Bank presents an SARFAESI auction for a Land and Building property in Tamluk, Purba Medinipur, West Bengal. The auction will commence on November 26, 2025, at 11:30 AM and conclude at 3:30 PM on the same day. The reserve price for this residential asset is INR 1,666,000, with an Earnest Money Deposit (EMD) of INR 166,600. This is a chance to bid on a valuable property offered by the bank.
Borrower Name:M/s. Midya Service Station
Auction Type:SARFAESI Auction
Guarantor Names:Krishnendu Midya, Late Paresh Chandra Midya, Tapas Kumar Pradhan, Late Bijoy Kumar Pradhan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land and building in Tamluk, presents a calculated opportunity due to its location and relatively affordable reserve price. However, limited details and symbolic possession status suggest a moderate level of risk, requiring further due diligence. The auction terms are standard, making it an accessible investment for informed buyers.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
