Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612258
Bank Name:Punjab National Bank
Branch Name:CIRCLE OFFICE : FAZILKA
Reserve Price:₹9,96,000
EMD:₹99,600
Bid Increment:₹10,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential plot located in Fazilka, Fazilka, Punjab. The property is being auctioned by Punjab National Bank as part of a SARFAESI auction. The plot offers a great opportunity for development or personal use in a well-situated area. It's an ideal investment for those looking to acquire land in the Fazilka region.
State:Punjab
City:Fazilka
Area:Fazilka
Asset Category:Residential
Full Address:Near Govt. Primary School, Street No. 2, Dashmesh Nagar, Teacher Colony, Old Cantt. Road, Machaki Mal Singh Road, Faridkot, Dashmesh Nagar, Fazilka
Size:125 Sq. yard
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Fazilka, Fazilka, Punjab. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is ₹9,96,000, with an Earnest Money Deposit (EMD) of ₹99,600 required to participate. This is a prime opportunity to bid on a valuable plot of land.
Borrower Name:Mr. Mehar Singh
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sukhpreet Singh, Ms. Harpreet kaur, Ms. Gurpreet Kaur
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot offers a reasonable investment opportunity given its location and size, however, the symbolic possession and the need for thorough due diligence warrants a 'Calculated Opportunity' rating. The property is competitively priced, but potential investors should carefully assess the encumbrance status and legal aspects before bidding. Location in Fazilka adds to its appeal.
Contact Details
Branch:Branch Office : CIRCLE OFFICE : FAZILKA
Service Provider:BAANKNET
Contact Details:
Mr. Prem Kumar
Contact no:9829890590
