Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612857
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹19,98,000
EMD:₹1,99,800
Bid Increment:₹50,000
Auction Time:10:00 am to 04:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a prime piece of land located in the scenic Karaikkal region of Puducherry, offered by Punjab National Bank. Situated in a developing area, this plot presents an excellent opportunity for residential development or investment. The property is being auctioned under the SARFAESI Act, ensuring a transparent and legal transaction process.
State:Puducherry
City:Puducherry
Area:Karaikkal
Asset Category:Residential
Full Address:17, Sri Ragavendra Garden, Keezhakasakudy Village Ward-H, Block-3, TS No:54, RS No:32/3, OS No:240/2, 239, Patta No: 771, Plot No: 17, Sri Ragavendra Garden, Keezhakasakudy, Karaikkal
Building/Society:Sri Ragavendra Garden
Size:1808 Sqft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a valuable land parcel in Karaikkal, Puducherry. The auction starts on November 26, 2025, at 10:00 AM and concludes at 04:00 PM on the same day. The reserve price for this asset is ₹19,98,000, with an Earnest Money Deposit (EMD) of ₹1,99,800 required to participate. This is a unique chance to acquire property in a sought-after location.
Borrower Name:M/s Shree Hari Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Banumathi.S, Mrs.Sudna
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a decent investment in a developing locality with a reasonable reserve price. While the location is not prime, the land's size and potential use, coupled with symbolic possession, suggest a calculated risk for investors. Terms of the auction appear standard, balancing potential returns with inherent uncertainties.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
