House for auction Purana bazaar Mohalla Sonia Ludhiana 1 Cr Punjab National Bank

This is a residential house located in Ludhiana, Punjab, offered by Punjab National Bank through a SARFAESI auction. The property is situated in the city of Ludhiana and presents an opportunity for prospective buyers to acquire a house in this established area. Detailed property specifics will be available to interested parties. The property is being auctioned due to the borrower, MM/s Sharman Woolens.

Punjab National Bank is conducting a SARFAESI auction for a residential house in Ludhiana, Punjab. The auction has a reserve price of ₹1,48,00,000 and requires an Earnest Money Deposit (EMD) of ₹14,80,000. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. This is a valuable opportunity for investors and homebuyers looking to purchase property in Ludhiana through a transparent bank auction process.

The property's location in Ludhiana, a prominent city in Punjab, is a positive aspect. However, the symbolic possession status and 'Not Known to Bank' encumbrance details suggest potential risks. The reserve price requires careful consideration.