Property for Auction in Focal Point (L), Ludhiana, Punjab
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609594
Bank Name:South Indian Bank
Branch Name:Regional Office : New Delhi
Reserve Price:₹1,15,00,000
EMD:₹11,50,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 11:30 AM
Service Provider:bankauctions.in
Submission Date:2025-11-13
Bid Start Date:2025-11-14
South Indian Bank presents an industrial land auction in Focal Point (L), Ludhiana, Punjab. This prime plot, formerly held by M/s GG Fabrics, offers a significant opportunity for industrial development in a well-established area. Located in a key industrial hub, the land is ideal for manufacturing, warehousing, or other commercial ventures. The property is being auctioned under SARFAESI proceedings, providing a clear title for the buyer. Don't miss this chance to acquire valuable industrial real estate in Ludhiana.
State:Punjab
City:Ludhiana
Area:Focal Point (L)
Asset Category:Industrials
Full Address:F-224, Plot no. F-224, Phase-VIII, Focal Point, Focal Point, Ludhiana
Size:476 sq. yards
South Indian Bank is conducting a SARFAESI auction for industrial land located in Focal Point (L), Ludhiana, Punjab. The reserve price for this auction is ₹1,15,00,000, with an Earnest Money Deposit (EMD) of ₹11,50,000 required to participate. The auction will take place online on November 14, 2025, commencing at 11:00 AM and concluding at 11:30 AM. This is a unique opportunity to acquire a strategically located industrial asset from South Indian Bank.
Borrower Name:M/s GG Fabrics
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nitin Dawar, Mr. Pankaj Ahuja, Mrs. Hema Ahuja, Mr. Rakesh Kumar, Mr. Suresh Kumar, Mr. Vinay Dawar, Mrs.Shivani Kochar, Mrs. Savita Dawar
Possession Status:Physical
Encumbrance Details:Nil/Encumbrances from 01.01.2020 to 21.10.2024
The industrial land in Focal Point, Ludhiana, presents a calculated opportunity. The location is advantageous for industrial activities, and the reserve price is reasonable. However, potential investors should thoroughly assess the market and conduct due diligence.
Branch:Branch Office : Regional Office : New Delhi
Service Provider:bankauctions.in
Contact Details:
Contact no:9818-772-322