Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613345
Bank Name:Punjab National Bank
Branch Name:ARMB : Kolhapur
Reserve Price:₹7,00,000
EMD:₹70,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential plot located in Nachane, Ratnagiri, Maharashtra. The property is being auctioned by Punjab National Bank under SARFAESI proceedings. It represents a valuable opportunity to acquire land in a developing area.
State:Maharashtra
City:Ratnagiri
Area:Nachane
Asset Category:Residential
Full Address:390, MHADA Colony, Kokan Nagar, Residential Plot No. 390, LIG Municipal No. 749/D/390, MHADA Colony, Kokan Nagar, S. No. 381/1A & H. No. 2/1 & C.S. No. 612A/114, Mauje Nachane, Nachane, Ratnagiri
Building/Society:MHADA Colony, Kokan Nagar
Auction Description
Punjab National Bank is conducting an e-auction for a residential plot in Nachane, Ratnagiri, Maharashtra. The auction will take place on November 26, 2025, from 11:00 AM to 4:00 PM. The reserve price is ₹7,00,000, with an Earnest Money Deposit (EMD) of ₹70,000 required to participate. This SARFAESI auction presents a chance for prospective buyers to invest in real estate.
Borrower Name:Mr. Sayeed Iqbal Khan
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Raees Sayeed Khan, Mr. Abdul Kadir Musa Akbar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in Nachane, Ratnagiri, offered at a relatively low reserve price. Its location in MHADA Colony adds to its potential, though further due diligence is necessary. The auction terms appear standard, warranting a 'Calculated Opportunity' assessment.
Contact Details
Branch:Branch Office : ARMB : Kolhapur
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —
