Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612825
Bank Name:Punjab National Bank
Branch Name:Stressed Asset Management Branch
Reserve Price:₹31,60,000
EMD:₹31,65,000
Bid Increment:₹25,000
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 commercial shop located in the bustling area of Margao, Goa. The property is being auctioned by Punjab National Bank under the SARFAESI Act. Ideal for business ventures, this asset offers a prime location within the vibrant city of Margao. The auction presents a unique opportunity to acquire commercial real estate in a sought-after Goan locale.
State:Goa
City:Goa
Area:Margao
Asset Category:Commercial
Full Address:112, Mabai Hotel, CASAS DE MARGAO, Opp GRACE CHURCH, Varde Valvaikar Road, Margao, Distt: South Goa, Goa PIN 403 601, Margao, Goa
Building/Society:Mabai Hotel
Size:29.89 Sq Mtr
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a commercial shop in Margao, Goa. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this valuable commercial asset is INR 31,60,000, with an Earnest Money Deposit (EMD) of INR 31,65,000. Don't miss this chance to invest in a prime commercial property.
Borrower Name:Mr. Dinesh Ramesh Sakhalkar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Punam Dinesh Sakhalkar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Margao offers a decent investment opportunity due to its location and size. However, the reserve price and EMD are relatively high, suggesting a calculated approach is necessary. The symbolic possession and lack of explicit encumbrance details require further due diligence.
Contact Details
Branch:Branch Office : Stressed Asset Management Branch
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —
