Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612111
Bank Name:Indian Bank
Branch Name:ASANSOL MAIN BRANCH
Reserve Price:₹55,00,000
EMD:₹5,50,000
Bid Increment:₹50,000
Auction Time:10.00 A.M. to 07.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a plot of land located in Mohishila, Asansol, West Bengal. The property is categorized as residential land. It is being auctioned by Indian Bank, with a reserve price of ₹55,00,000 and an Earnest Money Deposit (EMD) of ₹5,50,000. The borrower associated with this asset is M/s. United Motor Stores.
State:West Bengal
City:Asansol
Area:Mohishila
Asset Category:Residential
Full Address:27(27), RAJLAXMI APARTMENT, 1 No. Mohishila Colony, under Ward No. 20, Asansol Municipal Corporation, Mohishila, Asansol
Building/Society:RAJLAXMI APARTMENT
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Mohishila, Asansol, West Bengal. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 07:00 PM on the same day. The reserve price for this land auction is ₹55,00,000, with an EMD of ₹5,50,000 required to participate.
Borrower Name:M/s. United Motor Stores
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rishi Matreja, Mrs. Trapti Matreja, Ms. Kiran Matreja
Legal Details
Possession Status:Physical
Encumbrance Details:Not known to Bank
Why This Property
The property offers a mix of land and residential space in a developing locality. The reserve price seems reasonable; however, potential buyers should carefully evaluate the condition of the existing structure and factor in any potential renovation costs. It's a calculated risk worth considering for long-term investment.
Contact Details
Branch:Branch Office : ASANSOL MAIN BRANCH
Service Provider:BAANKNET
Contact Details:
Prashant Kumaar Tripathi
Contact no:9935508374
