Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609129
Bank Name:Punjab National Bank
Branch Name:SAMB CHANDIGARH
Reserve Price:₹11,94,000
EMD:₹1,20,000
Bid Increment:₹20,000
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 is a residential house located in Mallanwala, Firozpur, Punjab. The property is being auctioned by Punjab National Bank under SARFAESI regulations. It is an excellent opportunity for prospective buyers to acquire a property in a well-known area.
State:Punjab
City:Firozpur
Area:Mallanwala
Asset Category:Residential
Full Address:Kamalwala Road, Mallanwala, Mallanwala, Firozpur
Size:151.55 Sq. Yards
Auction Description
Punjab National Bank is conducting an e-auction for a residential house in Mallanwala, Firozpur, Punjab. The auction is held under SARFAESI Act. The reserve price is INR 11,94,000 and the EMD is INR 1,20,000. Bidding will commence on November 26, 2025, from 11:00 AM and conclude at 4:00 PM on the same day. Don't miss this chance to bid on this valuable asset.
Borrower Name:M/s Mahadev Industries
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity due to its affordable reserve price and decent location in Mallanwala. While not a prime investment, it offers a calculated risk for buyers looking for budget-friendly housing options. Auction terms are standard, and the symbolic possession indicates some potential challenges.
Contact Details
Branch:Branch Office : SAMB CHANDIGARH
Service Provider:BAANKNET
Contact Details:
Shri Hari Singh Gumra
Contact no:9501011937
