Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:608994
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹25,00,000
EMD:₹2,50,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:11-11-2025 05:00 PM
Bid Start Date:2025-11-12
Property Description
This is a commercial office space located in Durgapur, West Bengal. The property is being auctioned by the State Bank of India. It is part of a SARFAESI auction, offering a unique opportunity for investors or businesses seeking a commercial presence in the Durgapur area. The property is classified under the 'Commercial' asset category and is suitable for various business operations.
State:West Bengal
City:Durgapur
Area:Durgapur
Asset Category:Commercial
Full Address:406C, Bengal Sristi Infrastructure Development Ltd., Bengal Sristi Infrastructure Development Ltd. Office No. 406C, 3rd floor, Block-A of Kamdhenu Zone at Durgapur City Centre, Mouza -Faridpur, C.S. Plot No. 3601(Part) under Khatian No. 1362, J.L. No. 74, Touzi No. 20, P.S. Durgapur (Deed No 237), Durgapur City Centre, Durgapur
Building/Society:Bengal Sristi Infrastructure Development Ltd.
Size:417 sq.ft.
Auction Description
State Bank of India is conducting a SARFAESI auction for a commercial office property in Durgapur, West Bengal. The auction is scheduled to commence on November 12, 2025, at 11:00 AM and will conclude at 4:00 PM on the same day. The reserve price for this auction is ₹25,00,000, with an Earnest Money Deposit (EMD) of ₹2,50,000 required to participate. This is a prime opportunity to acquire commercial real estate in Durgapur.
Borrower Name:M/S. S.R.TIMBER PRODUCTS PVT. LTD.
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Akhilesh Singh, Mr Sashi Bhusan Singh, Smt Chitra Singh, Mr. Vivek Kumar Singh, S R Worth Ltd
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial office space in Durgapur City Centre, indicating a moderate investment potential. The reserve price is reasonable, but potential investors should assess local market conditions. The 'Symbolic' possession status and auction terms warrant a cautious approach.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Shri N. K. Lakra
Contact no:9674721004
