Property for Auction in Jalalabad, Fazilka, Punjab
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
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
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
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
Possession Status:Symbolic
Encumbrance Details:Attachment order of Excise & Taxtation Ferozepur for Rs.1,98, 79, 321/-Letter No. 755 dt 12.12.2019
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.
Branch:Branch Office : SAMB CHANDIGARH
Service Provider:BAANKNET
Contact Details:
Shri Nand Kishore Barnwal
Contact no:97352-44455