12,240 sq feet Office for Auction in Kolkata – PSB

Property Details

Property type

Office (Commercial)

Possession

Physical Possession

Area

12,240 sq feet (≈ 12,240 sq ft)

Reserve price / sq ft

₹37,173

Locality

—

City

Kolkata

State

West Bengal

Pincode

700001

Address

Kolkata, West Bengal, 700001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab & Sind Bank

Branch

SAMVERT - STRESSED ASSET MANAGEMENT VERTICAL-D0744

Auction type

SARFAESI Auction

Borrower

FRONTLINE C***** L**

Auction start

29 Sep 2026, 11:30 AM

Auction end

29 Sep 2026, 12:30 PM

EMD submission deadline

28 Sep 2026, 05:00 PM

Inspection

19 Sep 2026, 11:00 AM – 19 Sep 2026, 01:00 PM

Authorised officer

Alok Chandra Bharti

Officer contact

7087428485

E-auction portal

BAANKNET (Property ID PSIB0123456)

Price Check

This listing's reserve price works out to ₹37,173 per sq ft. The average across commercial bank auctions in Kolkata on our site is ₹9,641 per sq ft, so this one is 286% 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 19 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID PSIB0123456)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 28 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 29 Sep 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.