Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610596
Bank Name:Central Bank of India
Branch Name:SAM Branch
Reserve Price:₹6,83,10,000
EMD:₹68,31,000
Bid Increment:₹5,00,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-18
Bid Start Date:2025-12-18
Property Description
This auction features a significant industrial property in Ludhiana, Punjab, comprising factory land and buildings. The asset is associated with M/s Rosy Hosiery Mills and is being auctioned by the Central Bank of India under SARFAESI provisions. Located in the bustling city of Ludhiana, this property offers a prime opportunity for industrial investment and development in a well-established commercial hub.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Industrials
Full Address:B-19-144, Property bearing MC No. B-19-144, Khata No. 511/574, Khasra no. 1508/1037/883/456-457, Diwan Nihal Chand Road, Civil Line, Civil Line, Ludhiana
Size:422.5 Sq. Yards
Auction Description
Central Bank of India presents a SARFAESI auction for factory land and buildings in Ludhiana, Punjab, formerly associated with M/s Rosy Hosiery Mills. The auction will commence on December 18, 2025, at 02:00 PM and conclude at 06:00 PM on the same day. The reserve price is set at INR 6,83,10,000 with an Earnest Money Deposit (EMD) of INR 68,31,000. This is a unique opportunity to acquire a substantial industrial asset in Ludhiana.
Borrower Name:M/s Rosy Hosiery Mills
Auction Type:SARFAESI Auction
Guarantor Names:Late Sh. Kewal Kalra, Sh. Rahul Kalra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial unit in Ludhiana, a well-established industrial hub. While the reserve price is considerable, the location and type of property could represent a good investment. However, a detailed due diligence including valuation is highly recommended before bidding.
Contact Details
Branch:Branch Office : SAM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:9982768600
