Property for Auction in Mullanpur, Ludhiana, Punjab
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614585
Bank Name:Punjab National Bank
Branch Name:SAMB CHANDIGARH
Reserve Price:₹29,05,00,000
EMD:₹2,90,50,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 4.00 PM
Service Provider:BAANKNET
Submission Date:25-11-2025 04:00 PM
Bid Start Date:2025-11-26
This is a prime land parcel located in Mullanpur, Ludhiana, Punjab. The property is being auctioned by Punjab National Bank under the SARFAESI Act. This is a significant opportunity to acquire a substantial piece of land in a developing area. The land is categorized as residential and offers immense potential for future development. The auction is conducted by Punjab National Bank, a reputable financial institution, ensuring a transparent and secure transaction process. Don't miss this chance to invest in a valuable asset in Ludhiana.
State:Punjab
City:Ludhiana
Area:Mullanpur
Asset Category:Residential
Full Address:IREO Water Front Colony, Village Issewal, locality known as Canal Road, Opp IREO Water Front Colony, Sub Tehsil Mullanpur Dakha Distt Ludhiana, Mullanpur Dakha, Ludhiana
Building/Society:IREO Water Front Colony
Size:30310.50 Sq. Yards
Punjab National Bank is conducting a SARFAESI auction for a valuable land parcel in Mullanpur, Ludhiana, Punjab. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 4:00 PM. The reserve price for this significant land asset is set at INR 29,05,00,000. An Earnest Money Deposit (EMD) of INR 2,90,50,000 is required to participate. This auction presents a unique opportunity for investors and developers to acquire prime residential land. Interested parties are advised to review all auction terms and conditions before bidding. Secure your bid in this important Punjab National Bank auction.
Borrower Name:M/s IMPERIAL FABRICS (P) LTD
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Sushil Kumar Goel, Smt. Kiran Goel, Sh. Mitul Goel, Sh. Mehul Goel
Possession Status:Symbolic
Encumbrance Details:Not Known to Secured Creditor
The property is a large land parcel in Ludhiana with a substantial reserve price, indicating a significant investment. While the location is described, further due diligence is needed to assess its development potential and market value. The symbolic possession and auction terms require careful consideration before bidding.
Branch:Branch Office : SAMB CHANDIGARH
Service Provider:BAANKNET
Contact Details:
Sh. Nand Kishore Barnwal
Contact no:9735244455