Land And Building for auction Dhandari Khurd Ludhiana 3 Cr State Bank of India

Property for Auction in Ludhiana, Ludhiana, Punjab

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
10 Kanal 12 Marle
Reserve Price
3,21,34,000
Reserve Price
3,21,34,000
EMD Required
32,13,400
Property Specifications
Size10 Kanal 12 Marle
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Ludhiana, Ludhiana
Auction Date IconAuction Date:
19-11-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:609506

Bank Name:State Bank of India

Branch Name:Stressed Asset Recovery Branch

Reserve Price:3,21,34,000

EMD:32,13,400

Bid Increment:1,00,000

Auction Time:11:00 HRS to 16:00 HRS

Service Provider:BAANKNET

Important Dates

Submission Date:18-11-2025 05:00 PM

Bid Start Date:2025-11-19

Property Description

This auction features a valuable Land and Building asset in Ludhiana, Punjab, presented by the State Bank of India. Located in the heart of Ludhiana city, this property is categorized as Residential and is being auctioned under the SARFAESI Act. It presents a significant opportunity for investors and developers looking to acquire a substantial land parcel with existing structures in a prime urban location. The property's title is clear and it is being offered through a transparent auction process.

State:Punjab

City:Ludhiana

Area:Ludhiana

Asset Category:Residential

Full Address:paise Dhandari Khurd, locality known as near Phase VI, Focal point, Dhandari Khurd, Ludhiana

Size:10 Kanal 12 Marle

Auction Description

State Bank of India is conducting a SARFAESI auction for a Land and Building property in Ludhiana, Punjab. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this significant asset is ₹3,21,34,000, with an Earnest Money Deposit (EMD) of ₹32,13,400 required to participate. This is a prime opportunity to acquire a valuable property through a regulated bank auction. Interested bidders are advised to review all auction terms and conditions thoroughly.

Borrower Name:M/s Sudarshan Concast Pvt Ltd

Auction Type:SARFAESI Auction

Guarantor Names:Sh Roop Kamal Singh Khurana, Ms Jagjit Kaur Khurana, Lt. ShAjit Singh Khurana

Legal Details

Possession Status:Physical

Encumbrance Details:In the revenue record of the property, the order of Hon'ble Pb & Haryana High Court has been entered and for the removal of which the Bank has approached the Hon'ble High Court.

Why This Property

The property's industrial nature and location in Ludhiana offer potential, but the ongoing legal issue regarding the court order on the revenue record introduces risk. Given the reserve price and EMD, thorough due diligence is crucial. A calculated approach is advised, considering the property's industrial value against the legal encumbrance.

Contact Details

Branch:Branch Office : Stressed Asset Recovery Branch

Service Provider:BAANKNET

Contact Details:

Vikas Kumar Chaurasiya (C.L.O)

Contact no:9779075339

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