Godown for auction Jalalabad Fazilka 77 lakh Punjab National Bank

Property for Auction in Jalalabad, Fazilka, Punjab

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
08 kanals
Reserve Price
77,48,000
Reserve Price
77,48,000
EMD Required
7,74,800
Property Specifications
Size08 kanals
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Godown
Location IconLocation:
Jalalabad, Fazilka
Auction Date IconAuction Date:
26-11-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:609133

Bank Name:Punjab National Bank

Branch Name:SAMB CHANDIGARH

Reserve Price:77,48,000

EMD:7,74,800

Bid Increment:1,00,000

Auction Time:11.00 AM to 4.00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:25-11-2025 05:00 PM

Bid Start Date:2025-11-26

Property Description

This SARFAESI auction features a substantial Godown property located in Jalalabad, Fazilka, Punjab. Formerly utilized by M/s Manav Rice Mills, this industrial asset presents a significant opportunity for commercial or storage purposes. Situated in a key area of Punjab, the property is ideal for businesses seeking a strategic base. Don't miss this chance to acquire a valuable industrial asset through a secure bank auction process.

State:Punjab

City:Fazilka

Area:Jalalabad

Asset Category:Industrials

Full Address:FF road, Jalalabad-(w), Jalalabad, Fazilka

Size:08 kanals

Auction Description

Punjab National Bank is conducting an SARFAESI auction for a Godown property in Jalalabad, Fazilka, Punjab. The auction begins on November 26, 2025, at 11:00 AM and concludes at 04:00 PM on the same day. The reserve price is set at INR 77,48,000.00, with an Earnest Money Deposit (EMD) of INR 7,74,800.00 required to participate. This is a prime opportunity to acquire an industrial asset directly from the bank.

Borrower Name:M/s Manav Rice Mills

Auction Type:SARFAESI Auction

Guarantor Names:Smt. Reena Nagpal W/o Late Rajesh Nagpal, Sh. Manav Nagpal S/o Late Rajesh Nagpal, Ms. Neha Nagpal D/o Late Rajesh Nagpal

Legal Details

Possession Status:Symbolic

Encumbrance Details:Attachment order of Excise & Taxtation Ferozepur for Rs.1,98, 79, 321/-Letter No. 755 dt 12.12.2019

Why This Property

The property is an industrial godown located in Jalalabad, Punjab, offered at a reasonable reserve price. While the location may have limited market appeal, the presence of encumbrances and symbolic possession status introduce moderate risk. This opportunity could be suitable for investors familiar with the local market and willing to navigate the legal complexities.

Contact Details

Branch:Branch Office : SAMB CHANDIGARH

Service Provider:BAANKNET

Contact Details:

Shri Nand Kishore Barnwal

Contact no:97352-44455

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