Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609980
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹57,80,000
EMD:₹5,78,000
Bid Increment:₹50,000
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 house located in the Jawaddi area of Ludhiana, Punjab. The property is being auctioned by Indian Bank.
State:Punjab
City:Ludhiana
Area:Jawaddi
Asset Category:Residential
Full Address:B-28-353/1 and Plot No. 186/33 comprised in Khasra Number 32//2/2, Khata No. 417/483, Punjabi Bagh, Street No. 6, Backside Gurmat Gian Missionary College, Punjabi Bagh, Near Sua Road, Jawaddi, Ludhiana, Jawaddi, Ludhiana
Building/Society:Punjabi Bagh
Size:200 sq. yards
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential house in Jawaddi, Ludhiana. The auction will take place on November 19, 2025, from 10:00 AM to 05:00 PM. The reserve price is ₹5,780,000, with an EMD of ₹578,000 required. This auction pertains to the asset of M/s Makkar Motors.
Borrower Name:M/s Makkar Motors
Auction Type:SARFAESI Auction
Guarantor Names:Devinder Pal Singh, Jaspreet Kaur
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential house in a known locality of Ludhiana with symbolic possession. The reserve price seems fair, making it a calculated opportunity for buyers looking for residential properties in the area. However, the symbolic possession adds a layer of complexity that needs careful consideration.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no:7347035075
