Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613780
Bank Name:Punjab National Bank
Branch Name:ARMB RANCHI
Reserve Price:₹23,17,000
EMD:₹2,31,700
Bid Increment:₹50,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:16-12-2025 05:00 PM
Bid Start Date:2025-12-17
Property Description
This SARFAESI auction features a prime Land and Building asset in Jamshedpur, East Singhbhum, Jharkhand. Ideal for residential use, this property offers a great opportunity in a key urban area. The property is being auctioned by Punjab National Bank.
State:Jharkhand
City:East Singhbhum
Area:Jamshedpur
Asset Category:Residential
Full Address:Ashoka Tower, Office cum residential premises on ground floor of the building known as ASHOKA TOWER in old Purulia Road, Mouza Pardih P.S. Mango, Thana No 1641, in ward No 8 (MNAC), Mango, Jamshedpur
Building/Society:Ashoka Tower
Size:1200 Sq.ft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential Land and Building property in Jamshedpur, East Singhbhum, Jharkhand. The auction will take place on December 17, 2025, from 11:00 AM to 04:00 PM. The reserve price is set at ₹23,17,000, with an Earnest Money Deposit (EMD) of ₹2,31,700 required. This auction presents a significant opportunity for interested buyers to acquire property in a sought-after location.
Borrower Name:M/s S.J. Traders
Auction Type:SARFAESI Auction
Guarantor Names:Gaurav Anand, Ashok Kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Jamshedpur's Mango area, the property presents a calculated opportunity given its commercial office space. The reserve price is reasonable, though potential investors should investigate local market rates. The 'Symbolic' possession status warrants careful due diligence.
Contact Details
Branch:Branch Office : ARMB RANCHI
Service Provider:BAANKNET
Contact Details:
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