Property for Auction in Jagraon, Ludhiana, Punjab
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612152
Bank Name:Debts Recovery Tribunal
Branch Name:Chandigarh
Reserve Price:₹30,53,000
EMD:₹3,05,000
Bid Increment:₹50,000
Auction Time:14:00 PM to 15:00 PM
Service Provider:bankeauctions.com / C1 India
Submission Date:2025-12-15
Bid Start Date:2025-12-16
This offering presents a unique opportunity to acquire a parcel of land in Jagraon, Ludhiana, Punjab. Situated in a developing area, this residential land parcel is part of a Debts Recovery Tribunal (DRT) auction. The property is being auctioned due to the default by the borrower, BALWINDER SINGH. This is a chance for investors or individuals looking to build their dream home or make a strategic land acquisition in a growing region. The property's location in Jagraon, Ludhiana, offers potential for future appreciation.
State:Punjab
City:Ludhiana
Area:Jagraon
Asset Category:Residential
Full Address:Village Bahadarke, Tehsil Jagraon, District Ludhiana, Bahadurke, Ludhiana
Size:20 K-7M
The Debts Recovery Tribunal (DRT) will conduct an online auction for a parcel of land in Jagraon, Ludhiana, Punjab. This is a DRT Auction, with a reserve price set at 30,53,000.0 INR and an Earnest Money Deposit (EMD) of 3,05,000.0 INR required to participate. The auction will commence on December 16, 2025, at 02:00 PM and conclude on the same day at 03:00 PM. Interested bidders must complete all necessary formalities before the auction period. This is a public auction conducted under the purview of the Debts Recovery Tribunal.
Borrower Name:BALWINDER SINGH
Auction Type:DRT Auction
Encumbrance Details:Not Known to Bank
The property is agricultural land in Ludhiana, offering potential for long-term investment. The reserve price is reasonable, but due diligence is necessary. Recommended for investors who understand the local land market and are seeking calculated opportunities.
Branch:Branch Office : Chandigarh
Service Provider:bankeauctions.com / C1 India
Contact Details:
Anil Kumar B.M.
Contact no:7807820025