Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614703
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹62,61,000
EMD:₹6,26,100
Bid Increment:₹10,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This auction features a valuable Land and Building asset located in the Mohishila area of Asansol, West Bengal. The property is categorized as Residential and is being auctioned by Punjab National Bank under the SARFAESI Act. Ideal for investment or personal use, this property offers a significant opportunity in a developing region.
State:West Bengal
City:Asansol
Area:Mohishila
Asset Category:Residential
Full Address:Mouza Mohishila, JL no 37, Khatian no 483/1045, Plot no 124/3256, G.T.Road (East), Asansol, Mohishila, Asansol
Size:2361 sq ft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Mohishila, Asansol, West Bengal. The auction is scheduled for November 26, 2025, with bidding open from 11:00 AM to 4:00 PM. The reserve price is ₹6,261,000, and the Earnest Money Deposit (EMD) is ₹626,100. This is a prime opportunity to acquire a significant asset with clear title.
Borrower Name:M/S Orion Industries Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Parwej Alam, Manjur Alam, Md. Moij Alam, Parwez Alam
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank at present.
Why This Property
The property is a commercial office space in Asansol, a developing city. The auction terms are standard, and the reserve price seems reasonable. However, due diligence is recommended due to the limited information available and the need to assess local market conditions.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Ashok Kumar
Contact no:9102405790
