Land for auction 5 On the West-Villa Namkhana South 24 Parganas by PNB

This offering presents a unique opportunity to acquire a freehold residential property comprising a total land area of 5 Decimals Bastu/Homestead Land with an existing constructed residential building. Situated in the serene Mouza - Shibnagar Abad, J.L. No. 56, Touzi No. 2881, under the Namkhana Gram Panchayet in South 24 Parganas, West Bengal, this property provides an ideal setting for those seeking a peaceful living environment while maintaining essential connectivity. The land, identified by R.S. & L.R. Dag No. 3797/4320 and Khatian No. 2232, is strategically located with convenient access via a Village Road on its western boundary, ensuring ease of commute. Its tranquil surroundings, bounded by family lands on other sides, promise privacy and a strong community feel. This asset is perfect for prospective homeowners looking to establish roots in a developing locality or investors eyeing long-term appreciation in a growing district. The established residential structure on a homestead plot adds immediate value, making it a ready-to-move-in or ready-to-upgrade option for a family.

Prospective bidders are invited to participate in a transparent SARFAESI Act auction conducted by Punjab National Bank for this residential property. The e-auction is scheduled to commence on February 12, 2025, at 11:00 AM, concluding the same day at 04:00 PM. A competitive Reserve Price of Rs. 13,41,000.00 has been set, making this an attractive proposition for new buyers entering the bank auction market. To qualify, interested parties must submit an Earnest Money Deposit (EMD) of Rs. 1,34,100.00, which is 10% of the Reserve Price, by the application submission deadline of February 11, 2025, 04:30 PM. This EMD is crucial for participation and demonstrates serious intent. The entire process, facilitated by the service provider BAANKNET, ensures fairness and compliance. We strongly advise all potential bidders to conduct thorough due diligence and to contact Shri Kaushik Lahiri, Chief Manager, at Mobile No.: 91270 65277, for any clarifications regarding the property or auction procedures. This is a prime opportunity to acquire a valuable asset through a secure and regulated banking channel.