Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610453
Bank Name:Punjab National Bank
Branch Name:Circle Office Mumbai City
Reserve Price:₹15,75,000
EMD:₹1,57,500
Bid Increment:₹25,000
Auction Time:11 AM to 4 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-11
Bid Start Date:2025-11-11
Property Description
This offering presents a unique opportunity to acquire a Land and Building asset located in the developing area of Virar, Palghar, Maharashtra. The property, owned by Mr. Narendra Naresh Rane, is being auctioned by Punjab National Bank under SARFAESI regulations. Ideal for residential purposes, this asset offers potential for investment or personal use in a rapidly growing region.
State:Maharashtra
City:Palghar
Area:Virar
Asset Category:Residential
Full Address:Sanket No. 399, Hissa No. 2.5, Village-Virar, Virar, Palghar
Size:336 Sq. Ft.
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Virar, Palghar, Maharashtra. The auction is scheduled for November 11, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price for this residential asset is set at ₹15,75,000, with an Earnest Money Deposit (EMD) of ₹1,57,500 required to participate. This is a prime opportunity to bid on a valuable property.
Borrower Name:Mr. Narendra Naresh Rane
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Us
Why This Property
The property's location in Virar, Maharashtra, and the relatively lower reserve price presents a calculated investment opportunity. However, potential investors should carefully evaluate the symbolic possession status and conduct thorough due diligence. The limited information and symbolic possession increase the risk factor, warranting a cautious approach.
Contact Details
Branch:Branch Office : Circle Office Mumbai City
Service Provider:BAANKNET
Contact Details:
Contact no: —
