Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611794
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹37,00,000
EMD:₹3,70,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2023-11-06
Bid Start Date:2023-11-07
Property Description
This is a land parcel located in Kapurthala, Punjab, offered by Canara Bank. The property is categorized as residential land and is being auctioned under the SARFAESI Act. It is situated in the Kapurthala area, providing a potential investment opportunity in a developing region.
State:Punjab
City:Kapurthala
Area:Kapurthala
Asset Category:Residential
Full Address:Village Bahui, Tehsil & District Kapurthala, Bahui, Kapurthala
Size:1 Kanal - 17 Marlas
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Kapurthala, Punjab. The auction will take place on November 25, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹37,00,000, with an Earnest Money Deposit (EMD) of ₹3,70,000 required to participate. This auction presents an opportunity to acquire land in Kapurthala, previously associated with M/s Mohan Rail Components Private Limited.
Borrower Name:M/s Mohan Rail Components Private Limited
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Kapurthala presents a calculated investment opportunity due to its location and reserve price. While it's not a prime investment, the price point may attract buyers looking for land in this region. Thorough due diligence is advised before participating in the auction.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:94175-44601/98148-04200
