Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610004
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹8,54,000
EMD:₹85,400
Bid Increment:₹10,000
Auction Time:10:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Bulara, Ludhiana, Punjab. The property is being auctioned by Indian Bank as part of a SARFAESI auction. It presents an opportunity for prospective buyers to acquire a flat in a developing area of Ludhiana.
State:Punjab
City:Ludhiana
Area:Bulara
Asset Category:Residential
Full Address:117, Palm Enclave II, Flat No. 117 2nd floor, Palm Enclave II, Village Bulara, Bulara, Ludhiana
Building/Society:Palm Enclave II
Size:750 sq. Feet
Auction Description
Indian Bank is conducting an online SARFAESI auction for a residential flat in Bulara, Ludhiana, Punjab. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 5:00 PM. The reserve price for this auction is ₹8,54,000.00, with an Earnest Money Deposit (EMD) of ₹85,400.00 required to participate. This auction is an excellent chance to purchase a property under the SARFAESI Act.
Borrower Name:Mr. Yudhvir Sharma
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Parul Sharma
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The flat's location in Ludhiana and its reasonable reserve price make it a potentially good investment. However, prospective buyers should thoroughly inspect the property and understand all auction terms. Given the standard size and location, it presents a calculated risk with moderate return potential.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no: —
