Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612154
Bank Name:Debts Recovery Tribunal
Branch Name:Chandigarh
Reserve Price:₹18,00,000
EMD:₹1,80,000
Bid Increment:₹50,000
Auction Time:14:00 PM to 15:00 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-12-15
Bid Start Date:2025-12-16
Property Description
A prime parcel of land located in Jagraon, Ludhiana, Punjab. This residential land offers a significant opportunity for development or investment in a growing area. The property is being auctioned by the Debts Recovery Tribunal. This is a unique chance to acquire land in a well-connected region of Punjab.
State:Punjab
City:Ludhiana
Area:Jagraon
Asset Category:Residential
Full Address:Village Bahadurke, Tehsil Jagaron, Distt. Ludhiana, Bahadurke, Ludhiana
Size:24 Kanal
Auction Description
This is a Debts Recovery Tribunal (DRT) auction for a valuable piece of land in Jagraon, Ludhiana, Punjab. The auction will be held online on December 16, 2025, between 02:00 PM and 03:00 PM. The reserve price is ₹18,00,000, with an Earnest Money Deposit (EMD) of ₹1,80,000 required to participate. This is a straightforward sale of a defaulted asset.
Borrower Name:AMRIK SINGH
Auction Type:DRT Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The agricultural land in Ludhiana offers a calculated opportunity due to its size and location. While agricultural land may not offer immediate high returns, it holds long-term value. The reserve price is reasonable, but potential investors should carefully evaluate the land's productivity and local market conditions.
Contact Details
Branch:Branch Office : Chandigarh
Service Provider:bankeauctions.com / C1 India
Contact Details:
Anil Kumar B.M.
Contact no:7807820025
