Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:611389
Bank Name:Bank of Baroda
Branch Name:Branch: MSME
Reserve Price:₹38,00,000
EMD:₹3,80,000
Bid Increment:₹10,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-26
Property Description
This is a bank auction of a valuable plot of land located in Thakarwal, Ludhiana, Punjab. The property is being auctioned by Bank of Baroda under SARFAESI Act. This is a prime opportunity to acquire land in a developing area of Ludhiana.
State:Punjab
City:Ludhiana
Area:Thakarwal
Asset Category:Residential
Full Address:77, lucky enclave, Plot no 77, comprised in Khsara no. 15//16,15//17/1/2, 15//17/2, 15//24, 15//25 khewat no. 53/47 khatauni no. 54, Thakarwal, Ludhiana
Building/Society:lucky enclave
Size:183.88 sqyds
Auction Description
Bank of Baroda is conducting a SARFAESI auction for a plot of land in Thakarwal, Ludhiana. The auction will take place on November 26, 2025, from 2:00 PM to 6:00 PM. The reserve price for this residential land is INR 38,00,000, with an Earnest Money Deposit (EMD) of INR 3,80,000 required to participate. This is a direct sale from the bank, offering a transparent and secure transaction.
Borrower Name:Mr. Kshitiz Gulati
Auction Type:SARFAESI Auction
Guarantor Names:Rishi Raj Gulati, Dhanishtha Gulati
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The land's location in Thakarwal, Ludhiana, coupled with a reasonable reserve price, makes it a strong investment. While the auction terms are standard, the property's potential for appreciation in a developing locality justifies a 'Strong Buy' recommendation.
Contact Details
Branch:Branch Office : Branch: MSME
Service Provider:BAANKNET
Contact Details:
Rajesh Kamboj
Contact no:98889-88645
