Property for Auction in Ponda, Goa, Goa
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611400
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹39,50,000
EMD:₹3,95,000
Bid Increment:₹25,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
This is a prime commercial shop located in the bustling area of Ponda, Goa. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It offers a unique opportunity for investors and business owners to acquire a commercial asset in a rapidly developing region. The shop is suitable for various retail or service-based businesses. Its strategic location in Ponda ensures good visibility and accessibility, making it an attractive spot for commercial ventures. Don't miss this chance to own a valuable piece of real estate in Goa.
State:Goa
City:Goa
Area:Ponda
Asset Category:Commercial
Full Address:Shop no.47, Super Market Phase II, Ponda, Goa, Ponda, Goa
Building/Society:Super Market Phase II
Size:15.00 sq. mtrs
Punjab National Bank is conducting a SARFAESI auction for a commercial shop in Ponda, 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 property is INR 39,50,000, with an Earnest Money Deposit (EMD) of INR 3,95,000. This is an excellent opportunity to acquire a commercial asset directly from the bank. Interested bidders are encouraged to review all auction terms and conditions before participating.
Borrower Name:Mr Gaurish M Dessai
Auction Type:SARFAESI Auction
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The property is a small commercial shop in Ponda, Goa, offered at a reasonable reserve price. While the size is limited, the location and potential for local business make it a worthwhile, calculated investment. Auction terms are standard, and due diligence is recommended.
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Abhijeet J. Katavare
Contact no: —