Property for Auction in Sherpura Kalan, Ludhiana, Punjab
Auction ID:560750
Bank Name:Union Bank of India
Branch Name:REGIONAL OFFICE : LUDHIANA
Reserve Price:₹90,00,000
EMD:₹9,00,000
Service Provider:BAANKNET
Submission Date:29-08-2025 11:00 AM
Bid Start Date:29-08-2025 12:00 PM
A residential plot located in Sherpura Kalan, Ludhiana, Punjab. This property is being offered for sale by Union Bank of India through a SARFAESI auction. It represents a significant real estate opportunity within the city. The plot is designated for residential use and is situated in a developing area of Ludhiana. This is a chance to invest in a property with clear title, offered under secured asset recovery regulations. Suitable for developers or individuals looking to build their dream home or make a strategic investment in Punjab's real estate market.
State:Punjab
City:Ludhiana
Area:Sherpura Kalan
Asset Category:Residential
Union Bank of India presents a SARFAESI auction for a residential plot in Sherpura Kalan, Ludhiana, Punjab. This is a prime opportunity to acquire a valuable asset. The auction has a reserve price of ₹9,000,000 and requires an Earnest Money Deposit (EMD) of ₹900,000. The auction will be conducted online, starting on August 29, 2025, at 12:00 PM and concluding at 5:00 PM on the same day. The property is being auctioned due to the default of borrower M/s Jai Electrical Engineers. Secure your chance to own this property in Ludhiana.
Borrower Name:M/s Jai Electrical Engineers
Auction Type:SARFAESI Auction
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