Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612605
Bank Name:Punjab National Bank
Branch Name:ARMB JALANDHAR
Reserve Price:₹1,67,00,000
EMD:₹16,70,000
Bid Increment:₹2,00,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
A residential house located in Jalandhar, Punjab, offered for auction by Punjab National Bank. This property presents an opportunity to acquire a home in a well-established area. The reserve price is ₹1,67,00,000, with an Earnest Money Deposit (EMD) of ₹16,70,000. Ideal for individuals or families seeking a property in Jalandhar.
State:Punjab
City:Jalandhar
Area:Jalandhar
Asset Category:Residential
Full Address:10, Sukhmani Enclave, Residential House No 10, Sukhmani Enclave, Village Wadala, Near A S Farm, Sukhmani Enclave, Village Wadala, Jalandhar
Building/Society:Sukhmani Enclave
Size:22 Marlas
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential house in Jalandhar, Punjab. The auction will take place on December 5, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹1,67,00,000, with an EMD of ₹16,70,000 required to participate. This is a prime opportunity to bid on a property formerly associated with M/s R.K.Pharmaceuticals.
Borrower Name:M/s R.K.Pharmaceuticals
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Rakesh Sharma, Pankaj Sharma, Sh. Vijay Bharat, Smt. Aruna Sharma, M/s Priya Rubber & Plastic Industry
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a good location in Jalandhar with a decent size. The reserve price seems reasonable, making it a calculated opportunity for potential buyers. However, due diligence is essential to assess the property's condition and potential encumbrances.
Contact Details
Branch:Branch Office : ARMB JALANDHAR
Service Provider:Public Auction
Contact Details:
Contact no: —
