Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609622
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹3,21,41,000
EMD:₹32,14,100
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:05.12.2025
Property Description
This is a residential plot located in Faridabad, Haryana, being auctioned by Punjab National Bank under SARFAESI rules. The property is situated in the Faridabad area, offering a prime location within the city. Ideal for residential development, this plot presents a valuable opportunity for investors and prospective homeowners. The borrower for this asset was Mis Raj Electric Bike.
State:Haryana
City:Faridabad
Area:Faridabad
Asset Category:Residential
Full Address:A86, Sainik Colony, A86, Sainik Colony, Sector 49, Faridabad, Haryana, 121001, Sainik Colony, Sector 49, Faridabad
Building/Society:Sainik Colony
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Faridabad, Haryana. The auction will commence on December 5, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is ₹3,21,41,000, with an Earnest Money Deposit (EMD) of ₹32,14,100 required to participate. This is a significant opportunity to acquire a plot in a sought-after location through a transparent bank auction process.
Borrower Name:Mis Raj Electric Bike
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in Faridabad, offering potential for future development. However, the symbolic possession and 'Not Known' encumbrance details suggest a calculated approach. The reserve price is significant, demanding a careful evaluation of the location and market trends.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Deepshikha Singh
Contact no:9953494313
