Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614663
Bank Name:Liquidation E-Auction
Branch Name:Gurgaon
Reserve Price:₹3,57,00,000
EMD:₹7,00,000
Bid Increment:₹1,50,000
Auction Time:11:00 AM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-27
Property Description
This is a liquidation auction for a land and building property located in Tehsil Payal, Ludhiana, Punjab. The asset category is residential, offering an opportunity to acquire real estate in a developed area. The property is being sold as part of the liquidation process for VENUS GARMENTS (INDIA) LIMITED - In Liquidation.
State:Punjab
City:Ludhiana
Area:Tehsil Payal
Asset Category:Residential
Full Address:Plot No. A-9, Part A, Punjab Apperal Park, Plot No. A-9, Part A, Punjab Apperal Park, Village Barmalipur, GT Road, Tehsil Payal, Ludhiana, Punjab, Barmalipur, Ludhiana
Building/Society:Punjab Apperal Park
Size:9039.48 Sq. Yards
Auction Description
An online liquidation auction will be held for a land and building property in Tehsil Payal, Ludhiana, Punjab. The auction is conducted by Liquidation E-Auction for VENUS GARMENTS (INDIA) LIMITED - In Liquidation. The reserve price is ₹3,57,00,000 with an Earnest Money Deposit (EMD) of ₹7,00,000. Bidding will commence on November 27, 2025, at 11:00 AM and conclude at 03:00 PM on the same day.
Borrower Name:VENUS GARMENTS (INDIA) LIMITED - In Liquidation
Auction Type:Liquidation Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land and building located in Ludhiana with a reasonable reserve price. While the location is specified, further due diligence is needed to assess market conditions and potential for industrial use. Auction terms are standard, making it a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : Gurgaon
Service Provider:BAANKNET
Contact Details:
Pramod Kumar Misra
Contact no:+919810702519
