Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610465
Bank Name:IDBI Bank
Branch Name:Mumbai
Reserve Price:₹5,29,00,000
EMD:₹52,90,000
Auction Time:11:00 A.M. to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
Prime agricultural land located in Randhawa, Jalandhar, Punjab. This undeveloped plot offers a significant opportunity for agricultural ventures or future development. Situated in a developing area, it benefits from the region's agricultural prominence. The land is offered through a SARFAESI auction by IDBI Bank, presenting a unique chance to acquire a substantial parcel in a growing locale. Ideal for investors seeking agricultural or land banking opportunities in Punjab.
State:Punjab
City:Jalandhar
Area:Randhawa
Asset Category:Residential
Full Address:Village Randhawa Mansanda, Jalandhar, Randhawa, Jalandhar
Size:36 Kanal
Auction Description
IDBI Bank presents a SARFAESI auction for a valuable parcel of land in Randhawa, Jalandhar, Punjab. The auction will be held on November 21, 2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price is set at ₹5,29,00,000, with an Earnest Money Deposit (EMD) of ₹52,90,000 required to participate. This is a direct opportunity from the bank to acquire the asset associated with Chalimex Leather Craft Pvt. Ltd. Interested parties are advised to review all auction terms and conditions thoroughly before bidding.
Borrower Name:Chalimex Leather Craft Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Shri Maninder Singh Sethi, Shri Jaspal Singh Sethi
Legal Details
Possession Status:Physical
Encumbrance Details:Revenue records reveals certain entries w.r.t demand from Income Tax authorities, Director General of Foreign Trade, Green Field, Ludhiana and SBI which is in the knowledge of the Bank.
Why This Property
The property is a sizable land parcel in Jalandhar, offering decent potential. However, encumbrance details and the relatively high reserve price suggest a calculated approach. A thorough due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0172-5042188
