98 sq meter Flat for Auction in Merces, Panaji – PNB

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

98 sq meter (≈ 1,054 sq ft)

Reserve price / sq ft

₹8,831

Locality

Merces

City

Panaji

State

Goa

Pincode

403001

Address

Merces, Goa, 403001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

ARMB KOLHAPUR 826400

Auction type

SARFAESI Auction

Borrower

AVISHEK G****

Auction start

11 Nov 2026, 11:00 AM

Auction end

11 Nov 2026, 04:00 PM

EMD submission deadline

11 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

PRASAD SHIVDAS

Officer contact

9664151001

E-auction portal

BAANKNET (Property ID PUNBO39390674ABA37968524)

Price Check

This listing's reserve price works out to ₹8,831 per sq ft. The average across residential bank auctions in Panaji on our site is ₹7,284 per sq ft, so this one is 21% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID PUNBO39390674ABA37968524)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 11 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 11 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.