Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612960
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹3,62,01,500
EMD:₹36,20,150
Bid Increment:₹1,00,000
Auction Time:11:00 HRS to 16:00 HRS
Service Provider:BAANKNET
Important Dates
Submission Date:01-12-2025 05:00 PM
Bid Start Date:2025-12-02
Property Description
This auction features a prime piece of land and building located on Ferozepur Road in Faridkot, Punjab. The property, categorized as residential, is being auctioned by the State Bank of India. It presents an excellent opportunity for development or investment in a growing area. The asset is situated in a key location within Faridkot city.
State:Punjab
City:Faridkot
Area:Ferozepur Road
Asset Category:Residential
Full Address:Border Road, Opp. FCI Godowns, Ferozepur City, Border Road, Faridkot
Auction Description
State Bank of India is conducting a SARFAESI auction for a land and building property in Faridkot, Punjab. The auction will take place on December 2, 2025, from 11:00 AM to 4:00 PM. The reserve price for this valuable asset is ₹3,62,01,500, with an Earnest Money Deposit (EMD) of ₹36,20,150 required to participate. This is a significant opportunity to acquire property through a transparent banking auction process.
Borrower Name:M/s Radhe Sham
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Santosh Kumari
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial land and building located in Faridkot with moderate investment appeal. The reserve price is reasonable, but potential buyers should carefully evaluate the location and auction terms.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Jaibir Singh
Contact no:99881-92220
