Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611707
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹1,48,00,000
EMD:₹14,80,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2024-07-12
Bid Start Date:2024-07-13
Property Description
This auction features a factory land and building located in Pathankot, Punjab. The property is categorized as industrial assets and is being auctioned by Canara Bank under SARFAESI rules. Ideal for industrial ventures, this is a significant opportunity to acquire a commercial property in the Pathankot region.
State:Punjab
City:Pathankot
Area:Pathankot
Asset Category:Industrials
Full Address:C-14, Plot No. C-14, Industrial Growth Centre, Defence Road Pathankot, Industrial Growth Centre, Pathankot
Auction Description
Canara Bank is conducting a SARFAESI auction for industrial property in Pathankot, Punjab. The auction for the factory land and building will commence on November 20, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price is ₹1,48,00,000, with an Earnest Money Deposit (EMD) of ₹14,80,000 required. This is a prime opportunity for investors and businesses seeking industrial space.
Borrower Name:M/s Sargun Power Pvt. Ltd
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial unit in Pathankot, which presents a calculated opportunity given the strategic location and industrial zone. The reserve price and EMD are considerable, requiring thorough due diligence. This makes it a reasonable, but not risk-free, investment for those seeking industrial assets.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
R.C. Yadav
Contact no:9417505115
