Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609982
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹25,20,000
EMD:₹2,52,000
Bid Increment:₹20,000
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 Sahnewal, Ludhiana, Punjab. The property is being auctioned by Indian Bank under SARFAESI rules. It represents an excellent opportunity for buyers seeking a home or investment in a developing area.
State:Punjab
City:Ludhiana
Area:Sahnewal
Asset Category:Residential
Full Address:A-64, Golden Leaf Village, Flat No. A-64 Ground floor, Golden Leaf Village, Bilga Sub Tehsil Sahnewal, Sahnewal, Ludhiana
Building/Society:Golden Leaf Village
Size:750 sq. Feet
Auction Description
Indian Bank is conducting an online SARFAESI auction for a residential flat in Sahnewal, Ludhiana. The auction will take place on November 19, 2025, from 10:00 AM to 5:00 PM. The reserve price is ₹25,20,000, with an EMD of ₹2,52,000. This is a valuable opportunity to acquire property directly from the bank.
Borrower Name:Sh. Manvir Singh Mangat
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Sahnewal, Ludhiana, offered at a reasonable reserve price. While the location is not a prime metropolitan area, the price point and potential rental income could make it a worthwhile investment. Auction terms appear standard, presenting a calculated risk.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no:7347035101
