Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:610170
Bank Name:South Indian Bank
Branch Name:Regional Office : New Delhi
Reserve Price:₹79,00,000
EMD:₹7,90,000
Bid Increment:₹50,000
Auction Time:11.00 AM to 11.30 AM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-14
Bid Start Date:2025-11-15
Property Description
This auction features a valuable land and building asset located in Mullanpur, Ludhiana, Punjab. The property is categorized as Residential and is being auctioned by South Indian Bank under SARFAESI rules. Ideal for investment or personal use, this asset presents a unique opportunity in a growing area. Don't miss the chance to acquire this property at a competitive price.
State:Punjab
City:Ludhiana
Area:Mullanpur
Asset Category:Residential
Full Address:Khata No.304/323, Khasra no:135//6/2, 7/2,8,9,10,11,12,13,14/1,17/2,18 of Hambran Village, Hambran Mullanpur Road, Near Jagat farm, Mullanpur, Ludhiana
Size:1512.5 Sq yards
Auction Description
South Indian Bank is conducting a SARFAESI auction for a Land and Building property in Mullanpur, Ludhiana. The auction will take place on November 15, 2025, from 11:00 AM to 11:30 AM. The reserve price is INR 79,00,000, with an Earnest Money Deposit (EMD) of INR 7,90,000 required. This is a single opportunity to bid on a residential asset owned by Mr. Devender Mehra Proprietor. Ensure all documentation is in order before participating.
Borrower Name:Mr.Devender Mehra Proprietor
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Sonia Mehra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil/ Encumbrances from 01-10-2020 to 14-09-2024.
Why This Property
Located in the industrial area of Ludhiana, this property represents a strong investment opportunity due to its substantial land area and existing building structures. The reserve price is competitive, and the industrial zoning adds to its appeal. It is recommended for investors looking for a commercial property in a developing industrial hub.
Contact Details
Branch:Branch Office : Regional Office : New Delhi
Service Provider:bankauctions.in
Contact Details:
Contact no:7738-602-229
