Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:598493
Bank Name:Union Bank of India
Branch Name:Stressed asset Management Branch : Mumbai
Reserve Price:₹3,07,00,000
EMD:₹30,70,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-09
Bid Start Date:2025-10-30
Property Description
A prime Land and Building property located in the heart of Park Street, Kolkata, West Bengal. This asset, categorized as residential, presents a significant opportunity in a highly sought-after urban area. The property is being auctioned by Union Bank of India under the SARFAESI Act. Its strategic location offers excellent connectivity and access to city amenities, making it ideal for development or investment.
State:West Bengal
City:Kolkata
Area:Park Street
Asset Category:Residential
Full Address:504, Diamond Prestige, Municipal Premises No. 41A, Acharya Jagadish Chandra Bose Road, P.S. Park Street, Kolkata - 700 017, Ward No. 61, Park Street, Kolkata
Building/Society:Diamond Prestige
Size:2608 sq. ft.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a Land and Building property in Park Street, Kolkata. The auction will commence on October 30, 2025, at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price for this residential asset is ₹3,07,00,000, with an Earnest Money Deposit (EMD) of ₹30,70,000 required to participate. This is a unique chance to acquire a valuable property in a prime Kolkata location.
Borrower Name:M/s B L A Power
Auction Type:SARFAESI Auction
Guarantor Names:M/s B LA Power Holding Private Limited, Mr. Anup Agarwalla
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
This commercial office space in Park Street, Kolkata, presents a strong investment opportunity due to its prime location and size. With a reasonable reserve price and symbolic possession, it offers good potential for capital appreciation and rental income. The auction terms are standard, making it a worthwhile consideration.
Contact Details
Branch:Branch Office : Stressed asset Management Branch : Mumbai
Service Provider:BAANKNET
Contact Details:
Mr. Aman Agarwal
Contact no:9833913331
