Property for Auction in Rangwasa Tehsil, Indore, Madhya Pradesh
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613041
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹71,75,000
EMD:₹7,17,500
Bid Increment:₹25,000
Auction Time:11:00 a.m. to 5:00 p.m.
Service Provider:BAANKNET
Submission Date:16-12-2025 05:00 PM
Bid Start Date:2025-12-17
This auction features a valuable piece of land with an existing building, located in the Rangwasa Tehsil of Indore, Madhya Pradesh. The property, offered by Punjab National Bank under SARFAESI, presents a significant opportunity for investment or personal use in a developing area. It is categorized as residential and is being auctioned as part of a SARFAESI process. The property is situated in a region known for its growing infrastructure and potential. Don't miss this chance to acquire a notable asset in Indore.
State:Madhya Pradesh
City:Indore
Area:Rangwasa Tehsil
Asset Category:Residential
Full Address:86, Treasure Fantasy, Sector-G (Treasure Greens), House Building on plot no. 86, Sector-G (Treasure Greens), of Treasure Fantasy, CAT-Rau Road, Rangwasa, District-Indore, (M.P), Rangwasa, Indore
Building/Society:Treasure Fantasy, Sector-G (Treasure Greens)
Size:1100.00 Sq. Ft.
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Rangwasa Tehsil, Indore, Madhya Pradesh. The auction will take place on December 17, 2025, starting at 11:00 AM and concluding at 05:00 PM. The reserve price for this residential asset is ₹71,75,000, with an Earnest Money Deposit (EMD) of ₹7,17,500 required to participate. This is a direct opportunity to bid on a property formerly held by Smt. Neha Sen. Secure your chance to own this property by registering and participating in the online auction.
Borrower Name:Smt. Neha Sen
Auction Type:SARFAESI Auction
Guarantor Names:M/s Indushree Ke Namkeen
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The property, a land and building in Rangwasa, Indore, is being offered at auction. While the location has potential, the symbolic possession status introduces a degree of risk. At the reserve price, further due diligence is recommended before bidding.
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Shri Binit Kumar
Contact no:0755-2550020/9557822211