Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612959
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹2,89,02,000
EMD:₹28,90,200
Bid Increment:₹1,00,000
Auction Time:11:00 HRS to 16:00 HRS
Service Provider:BAANKNET
Important Dates
Submission Date:01-12-2025 05:00 PM
Bid Start Date:2025-12-02
Property Description
This auction features a significant industrial property located in Golewala, Faridkot, Punjab. The property comprises factory land and buildings, previously owned by M/s Nicer Green Board. It is an excellent opportunity for investors or businesses seeking to acquire substantial operational space in a well-established industrial area. The asset category is 'Industrials', making it suitable for a wide range of manufacturing or warehousing activities. The property is being auctioned by the State Bank of India.
State:Punjab
City:Faridkot
Area:Golewala
Asset Category:Industrials
Full Address:Village Golewala, Tehsil and Distt Faridkot, Golewala, Faridkot
Auction Description
State Bank of India presents a SARFAESI auction for a factory land and building in Golewala, Faridkot, Punjab. The auction will commence on December 2, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this industrial asset is ₹2,89,02,000, with an Earnest Money Deposit (EMD) of ₹28,90,200 required to participate. This is a prime opportunity to acquire a valuable industrial property through a transparent auction process.
Borrower Name:M/s Nicer Green Board
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Pipal Singh, Smt. Surinder Kaur, Sh. Bakshish Singh, Sh. Ranjit Singh
Legal Details
Encumbrance Details:Note: This property has been attached by the Directorate of Enforcement under PMLA and in these proceedings, the Hon'ble Adjudicating Authority has passed its order dated 25.07.2023whereby it was held that Bank has no bar on their ongoing recovery proceedings, if any, on mortgaged properties.
Why This Property
The property is an industrial land and building in Faridkot, with a moderate reserve price. The PMLA attachment adds a layer of complexity, but the court order clarifies the bank's recovery rights. This presents a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Jaibir Singh
Contact no:99881-92220
