Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612326
Bank Name:Punjab National Bank
Branch Name:Regional bank
Reserve Price:₹2,70,00,000
EMD:₹27,00,000
Bid Increment:₹2,00,000
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
Prime residential plot located in Ludhiana, Punjab, offered for auction by Punjab National Bank. This is a valuable opportunity to acquire a plot in a well-established area, suitable for residential development. The property is available through a SARFAESI auction.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Residential
Full Address:47-48 (SCO 47-48), G.K. Mall, Plot No. 47-48 (SCO 47-48), G.K. Mall, G.K. Mall, Ludhiana
Building/Society:G.K. Mall
Size:186.66 sqyds
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Ludhiana, 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 plot is ₹2,70,00,000, with an Earnest Money Deposit (EMD) of ₹27,00,000 required to participate. This auction presents a significant investment opportunity in the Ludhiana real estate market.
Borrower Name:M/s Star Wines
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Jagdish Singh Garcha, Sh. Takdeer Singh, Sh. Harjinder Singh Garcha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Property is under attachment by Excise Deptt vide Court order dated 09.12.2022 for pending dues of excise deptt towards M/s Royal Wines, M/s Star Wines & Sh. Jagdish Singh Garcha S/o Kehar Singh.
Why This Property
The property offers a solid location in Ludhiana but carries encumbrances, potentially affecting its value. The reserve price seems reasonable, but prospective buyers need to factor in the attached dues and conduct thorough due diligence. This makes it a calculated opportunity rather than a straightforward prime investment.
Contact Details
Branch:Branch Office : Regional bank
Service Provider:BAANKNET
Contact Details:
Contact no: —
