Land for auction Mullanpur Dakha Ludhiana 29 Cr Punjab National Bank

Property for Auction in Mullanpur, Ludhiana, Punjab

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
30310.50 Sq. Yards
Reserve Price
29,05,00,000
Reserve Price
29,05,00,000
EMD Required
2,90,50,000
Property Specifications
Society/BuildingIREO Water Front Colony
Size30310.50 Sq. Yards
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Mullanpur, Ludhiana
Auction Date IconAuction Date:
26-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:25-11-2025 04:00 PM

Bid Start Date:2025-11-26

Property Description

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

Auction Description

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

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Secured Creditor

Why This Property

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.

Contact Details

Branch:Branch Office : SAMB CHANDIGARH

Service Provider:BAANKNET

Contact Details:

Sh. Nand Kishore Barnwal

Contact no:9735244455

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