House for Auction Urban Estate Phase Ii Patiala 1.4 Crore by Punjab National Bank 29 Jun 2026
Urban Estate, Phase II, Patiala
Area: 256.67 Sq yards
Residential House No. 525, Phase II, Urban Estate, Patiala (Punjab)
Punjab National Bank · ASSET RECOVERY MANAGEMENT BRANCH
Reserve price
₹1,38,70,000
EMD ₹13,87,000
Auction date
29 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 256.67 Sq yards
- ▸Locality: Urban Estate, Phase II
- ▸Reserve: ₹1,38,70,000
- ▸EMD: ₹13,87,000
Auction snapshot
| Possession | Symbolic |
| Property type | House · Residential |
| Locality | Urban Estate, Phase II |
| Built-up / plot area | 256.67 Sq yards |
| Lender | Punjab National Bank |
| Branch | ASSET RECOVERY MANAGEMENT BRANCH |
| Unit / flat no. | House No. 525 |
| Building / society | Urban Estate, Phase II |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
House bank auction in Urban Estate, Phase II, Patiala by Punjab National Bank — reserve price ₹1,38,70,000, 256.67 Sq yards, Symbolic possession.
Discover a residential house (No. 525) for bank auction in Urban Estate, Phase II, Patiala, Punjab. This property, measuring 256.67 sq yards, is available through an e-auction conducted by Punjab National Bank. A prime bank auction property for sale, it is located in a well-established urban area. The e-auction is scheduled for June 29, 2026, with a reserve price of ₹1,38,70,000 and an EMD of ₹1,38,70,000. Ideal for investors seeking properties in Patiala, though buyers should note the symbolic possession status and a pending DRT case.
GeoSquare note: This residential house in Urban Estate, Patiala, offers a good location and size. However, the property is under symbolic possession, and a Transfer Securitization Application is pending before DRT III Chandigarh, involving M/s Ankur Shoe Sales and Punjab National Bank. This legal encumbrance and possession status make it a risky choice for immediate acquisition, despite a reasonable reserve price, requiring potential buyers to undertake due diligence regarding the legal proceedings.
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