Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:599321
Bank Name:Union Bank of India
Branch Name:REGIONAL OFFICE : LUDHIANA
Reserve Price:₹30,30,000
EMD:₹3,03,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2023-10-30
Property Description
This is a SARFAESI auction property located in Jodhewal, Ludhiana, Punjab, presented by Union Bank of India. The property is a Land And Building asset, previously owned by Dhani Ram. It is categorized as residential. The auction is conducted under the SARFAESI Act. Ludhiana is a major industrial and commercial hub in Punjab, offering potential for both residential living and investment.
State:Punjab
City:Ludhiana
Area:Jodhewal
Asset Category:Residential
Full Address:10436, Indra Colony, House No. 10436, Street No 4, Indra , Colony, Rahon Road, Bajra, Basti Jodhewal, Jodhewal, Ludhiana
Building/Society:Indra Colony
Size:100 Sq. Yards
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a Land And Building property in Jodhewal, Ludhiana, Punjab. The auction will take place on October 30, 2025, from 12:00 PM to 5:00 PM. The reserve price for this residential asset is ₹30,30,000, with an Earnest Money Deposit (EMD) of ₹3,03,000 required to participate. Interested bidders should review all auction terms and conditions provided by the bank.
Borrower Name:Dhani Ram
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's residential nature and location in Ludhiana present a moderate investment potential. The reserve price appears reasonable, but further due diligence is necessary. Given the physical possession status, this presents a calculated risk worth considering.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : LUDHIANA
Service Provider:BAANKNET
Contact Details:
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