Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611403
Bank Name:Bank of Baroda
Branch Name:Branch: MSME
Reserve Price:₹55,00,000
EMD:₹5,50,000
Bid Increment:₹50,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-26
Property Description
This auction features a prime plot of land located in Taraf Saidan, Ludhiana, Punjab. The property is categorized as residential and is being auctioned by Bank of Baroda under SARFAESI proceedings. Ideal for development or investment, this land offers a significant opportunity in a growing area.
State:Punjab
City:Ludhiana
Area:Taraf Saidan
Asset Category:Residential
Full Address:B-23 5608/2, Hпо. В-23 5608/2 & MC no B B-23-07968, street no 6, New Shivaji nagar, Post office wali Gali taraf Saidan, Shivaji nagar, Ludhiana
Size:115 sq yds
Auction Description
Bank of Baroda presents a SARFAESI auction for a valuable plot of land in Taraf Saidan, Ludhiana. The auction will commence on November 26, 2025, at 02:00 PM and conclude at 06:00 PM on the same day. The reserve price is set at INR 55,00,000, with an Earnest Money Deposit (EMD) of INR 5,50,000 required. This is a unique chance to acquire a land asset in Punjab.
Borrower Name:Mr. Sachin Malhotra
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Mamta W/O vinod kumar Malhotra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity given its location in Ludhiana and the relatively affordable reserve price. However, the symbolic possession status adds a layer of risk. Careful due diligence and market assessment are advisable before bidding.
Contact Details
Branch:Branch Office : Branch: MSME
Service Provider:BAANKNET
Contact Details:
Rajesh Kamboj
Contact no:98889-88645
