Property for Auction in Balachaur, Ludhiana, Punjab
Auction ID:559804
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹12,50,000
EMD:₹1,25,000
Service Provider:BAANKNET
Submission Date:29-08-2025 05:00 PM
Bid Start Date:30-08-2025 11:30 AM
A parcel of land located in Balachaur, Ludhiana, Punjab, is being offered for auction by Canara Bank. This residential asset, formerly associated with borrower Mrs. Usha, provides a blank canvas for development or investment. Situated in a developing area of Ludhiana, the land offers potential for residential construction. Its classification as land under the SARFAESI Act indicates a clear title and a straightforward transfer process for the successful bidder.
State:Punjab
City:Ludhiana
Area:Balachaur
Asset Category:Residential
Canara Bank presents a SARFAESI auction for land in Balachaur, Ludhiana, Punjab. This is a prime opportunity to acquire a valuable asset. The auction will take place on August 30, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price is set at ₹12,50,000, with an Earnest Money Deposit (EMD) of ₹1,25,000 required to participate. This auction offers a straightforward process for acquiring property directly from the bank.
Borrower Name:Mrs. Usha
Auction Type:SARFAESI Auction
Authorized Officer Μ.: 9517700632