Plot for auction Gandhi Nagar Ludhiana 63 lakh Canara Bank

This offering presents a residential plot located in Taraf Karabara, Ludhiana, Punjab. The property is being auctioned by Canara Bank under the SARFAESI Act, previously associated with borrower M/s S.R. Impex. It's an opportunity to acquire land in a developing area of Ludhiana. The plot is identified for its residential potential, making it suitable for construction or investment. Further details regarding the exact dimensions and specific location within Taraf Karabara should be confirmed with the auction documents.

Canara Bank is conducting a SARFAESI auction for a residential plot in Taraf Karabara, Ludhiana. The auction has a reserve price of INR 63,00,000 and requires an EMD of INR 6,30,000. The bidding will take place online, starting on November 20, 2025, at 11:30 AM and concluding on the same day at 12:30 PM. This is a time-sensitive opportunity to participate in a bank auction for a property in Punjab. Prospective bidders are advised to thoroughly review all auction terms and conditions, and conduct their own due diligence on the property before placing any bids.

The property presents a calculated opportunity due to its location in Ludhiana and a reasonable reserve price. While it is a land plot, its potential lies in its location and future development possibilities. The relatively modest size may limit some immediate uses.