Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612325
Bank Name:Punjab National Bank
Branch Name:Regional bank
Reserve Price:₹3,10,00,000
EMD:₹31,00,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a house located in the Civil Lines area of Ludhiana, Punjab. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It's a residential asset previously associated with M/s Arcadia Woollen Mills Pvt Ltd. The property is situated in a well-established locality within Ludhiana.
State:Punjab
City:Ludhiana
Area:Civil Lines, Ludhiana
Asset Category:Residential
Full Address:B-19-504, Dasondha Singh Road, Civil Lines, Ludhiana, Civil Lines, Ludhiana
Size:305 sq yards
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a house in Civil Lines, Ludhiana, Punjab. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this residential property is ₹3,10,00,000, with an Earnest Money Deposit (EMD) of ₹31,00,000 required to participate. This is a significant opportunity to acquire a property through a bank auction.
Borrower Name:M/s Arcadia Woollen Mills Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Vinay Malhotra, Smt Money Bambi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Secured Creditor
Why This Property
Located in Civil Lines, a prime area in Ludhiana, the residential house offers significant investment potential. The property's size and physical possession status, combined with the bank auction terms, make it a strong buy. Interested buyers should evaluate the property's condition and market value relative to the reserve price.
Contact Details
Branch:Branch Office : Regional bank
Service Provider:BAANKNET
Contact Details:
Contact no: —
