Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612864
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹1,35,63,000
EMD:₹13,56,300
Bid Increment:₹25,000
Auction Time:11:00 AM to 05:00 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 valuable plot of non-agricultural land located in Huzur, Bhopal, Madhya Pradesh. Classified under the residential asset category, this property presents a prime opportunity for development or investment. The land is being auctioned by Punjab National Bank under the SARFAESI Act. Don't miss this chance to acquire a significant piece of real estate in a developing area.
State:Madhya Pradesh
City:Bhopal
Area:Huzur
Asset Category:Residential
Full Address:Gram Gehukheda, Patwari Halka No. 38, Khasra No 427(old khasra no.47/4), Rajasva Nirikshak Mandal, 04, Vikaskhand Fanda, Tehsil Huzur, Huzur, Bhopal
Size:16000 sqft
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a non-agricultural land parcel in Huzur, Bhopal. The auction is scheduled for November 26, 2025, commencing at 11:00 AM and concluding at 05:00 PM. The reserve price for this property is INR 1,35,63,000, with an Earnest Money Deposit (EMD) of INR 13,56,300 required to participate. This is a significant opportunity to bid on a well-located asset.
Borrower Name:M/s. L L Prajapati & Sons
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a large land parcel in a developing area, making it a promising investment. The reserve price appears reasonable for the size and location. Given Bhopal's growth, this could be a strategic acquisition, though due diligence is crucial.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Shri Binit Kumar
Contact no:0755-2550020
