Property for Auction in Ludhiana, Ludhiana, Punjab
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
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
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
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
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.
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.
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Vikas Kumar Chaurasiya (C.L.O)
Contact no:9779075339