Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611678
Bank Name:Indian Bank
Branch Name:Zonal Office, Jalandhar
Reserve Price:₹9,85,000
EMD:₹98,500
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a Land and Building property located in Phillaur, Jalandhar, Punjab. Previously owned by Mr. Pawan Kumar, this residential asset presents a unique investment opportunity. The property is being auctioned by Indian Bank.
State:Punjab
City:Jalandhar
Area:Phillaur
Asset Category:Residential
Full Address:Vill Rurka Khurd, Hadbast No. 221, Sub Tehsil Goraya, Tehsil Phillaur, Distt. Jalandhar, Punjab, Rurka Khurd, Jalandhar
Size:04 marla 03 sarsai
Auction Description
Indian Bank is conducting an online SARFAESI auction for a Land and Building property in Phillaur, Jalandhar, Punjab. The auction will commence on November 18, 2025, at 10:00 AM and conclude at 04:00 PM on the same day. The reserve price for this residential property is set at INR 9,85,000, with an Earnest Money Deposit (EMD) of INR 98,500 required to participate. This is a prime opportunity to acquire property through a transparent bidding process.
Borrower Name:Mr. Pawan Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sunil Kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing locality. The reserve price seems reasonable, but potential buyers should carefully evaluate the location and market conditions. A calculated approach is advised due to limited information.
Contact Details
Branch:Branch Office : Zonal Office, Jalandhar
Service Provider:BAANKNET
Contact Details:
Contact no: —
