Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:608742
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹1,93,80,000
EMD:₹19,38,000
Bid Increment:₹1,00,000
Auction Time:10:00AM to 04:00PM
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 piece of land and building in Palampur, Kangra, Himachal Pradesh, offered by Punjab National Bank. The asset category is residential, providing a great opportunity for development or personal use. The property is associated with M/S Hotel Ocimum Palace. The auction is conducted under SARFAESI regulations. This is a unique chance to acquire a significant property in a sought-after location.
State:Himachal Pradesh
City:Kangra
Area:Palampur
Asset Category:Residential
Full Address:Mohal Gorat, Mouja Raipur, Tehsil Palampur, Distt Kangra, H.P., Raipur, Palampur
Size:0.0510 Hects
Auction Description
Punjab National Bank is holding a SARFAESI auction for a land and building property in Palampur, Kangra, Himachal Pradesh. The auction will commence on November 26, 2025, at 10:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at ₹1,93,80,000, with an Earnest Money Deposit (EMD) of ₹19,38,000 required to participate. Don't miss this opportunity to bid on this valuable asset.
Borrower Name:M/S Hotel Ocimum Palace
Auction Type:SARFAESI Auction
Guarantor Names:Kishori Lal S/O Sh. Puran Chand, Sh. Ashish Dhawan S/O Sh. Kishori Lal
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known
Why This Property
The property presents a calculated opportunity due to its location in Palampur and its nature as land and building. The reserve price seems reasonable given the location, but further due diligence is recommended. Auction terms appear standard.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
