Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609978
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹25,00,000
EMD:₹2,50,000
Bid Increment:₹30,000
Auction Time:10:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential plot located in Daba, Ludhiana, Punjab. The property is being auctioned by Indian Bank under SARFAESI rules. It presents a valuable opportunity for investment or development in a developing area.
State:Punjab
City:Ludhiana
Area:Daba
Asset Category:Residential
Full Address:B-XXI-6027, Plot No. B-XXI-6027, Street No. 6, New Simlapuri, Daba Road, Gill Road, Ludhiana, Punjab-141003 (North Portion), Daba, Ludhiana
Size:100 Sq. yards
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Daba, Ludhiana. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 05:00 PM. The reserve price for this auction is ₹25,00,000, with an Earnest Money Deposit (EMD) of ₹2,50,000 required. This auction offers a chance to acquire property directly from the bank.
Borrower Name:Smt. Anita Rani
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The plot's location in Ludhiana offers moderate investment potential. While the reserve price is reasonable, further due diligence on the location and future development prospects is advised. Auction terms are standard, suggesting a calculated approach to bidding.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no:7347035102
