Hugli Chinsurah Industrial Plot Auction: Industrial Plot (6,327 sq ft) – Reserve ₹34.12 Lakh (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366342
Property Description
Punjab National Bank has put a industrial plot up for sale through the Hugli Chinsurah industrial plot auction, open to all registered bidders on BAANKNET. On offer is a industrial plot in Hugli Chinsurah, Hooghly (PIN 712101), with 6,327 sq ft carpet area. The online auction runs on 6 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹34,12,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Hugli Chinsurah Industrial Plot Auction: Key Highlights
- Reserve price: ₹34,12,000 (₹34.12 Lakh)
- EMD: ₹3,41,200
- Bid increment: ₹10,000
- Auction: 6 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 6 October 2026, 3:59 PM
- Location: Hugli Chinsurah, Hooghly, West Bengal
- Possession: Symbolic
Hugli Chinsurah Industrial Plot Auction – Complete Details
| Auction ID | 366342 |
| Bank property ID | PUNBU02681022008 |
| Bank | Punjab National Bank |
| Branch | Armb Kolkata – West 447900 |
| Property type | Industrial – Industrial Plot |
| Carpet area | 6,327 sq ft |
| City / District | Hugli Chinsurah, Hooghly |
| State | West Bengal |
| PIN code | 712101 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹34,12,000 |
| EMD | ₹3,41,200 |
| Bid increment | ₹10,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Hugli Chinsurah
The property is located in Hugli Chinsurah, Hooghly district, West Bengal (PIN 712101). West Bengal’s property market centres on Kolkata and its suburbs, with growing demand in Howrah, Hooghly and North 24 Parganas as metro and road links improve. The handling branch is Armb Kolkata – West 447900, which is usually the best contact for site visits and local queries.
Is the Hugli Chinsurah Industrial Plot Auction Worth It?
At the reserve price, the property works out to about ₹539 per sq ft of carpet area – compare this with recent resale rates in Hugli Chinsurah before you bid. The EMD of ₹3,41,200 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Hugli Chinsurah Industrial Plot Auction
- EMD submission opens: 28 September 2026
- Last date for EMD: 6 October 2026, 3:59 PM
- E-auction: 6 October 2026, 11:00 AM to 4:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366342 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9831217697.
- Pay the EMD of ₹3,41,200 through the BAANKNET wallet before 6 October 2026, 3:59 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 10 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Hugli Chinsurah Industrial Plot Auction: FAQs
What is the reserve price in the Hugli Chinsurah industrial plot auction?
The reserve price is ₹34,12,000. Bids below the reserve price are not accepted.
When is the Hugli Chinsurah industrial plot auction scheduled?
The e-auction is on 6 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 6 October 2026, 3:59 PM.
How much EMD is required?
The earnest money deposit is ₹3,41,200. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Hugli Chinsurah, Hooghly, West Bengal – 712101.
Where can I see the official sale notice?
Search Auction ID 366342 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and West Bengal Auctions
- All Punjab National Bank auction listings
- More industrial plot auctions
- Bank auctions in West Bengal
- Guide: reserve price bidding strategy
Source: Auction ID 366342 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Industrial Land |
|---|---|
| Land Area | 6327 sq ft |
| Location | Hugli Chinsurah, Hooghly, Hooghly, West Bengal |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 6 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 11:00 AM to 4:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.