Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611736
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹54,00,000
EMD:₹5,40,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2023-11-07
Property Description
This is a residential plot located in Jassian, Ludhiana, Punjab. The property is being auctioned by Canara Bank under the SARFAESI Act. Ideal for residential development, this plot offers a significant opportunity in a developing area.
State:Punjab
City:Ludhiana
Area:Jassian
Asset Category:Residential
Full Address:B-XXXIV-6655/6, New Atam Nagar, MC No. B-XXXIV-6655/6 Street No. 2, New Atam Nagar, Jassain Road, Jassian, Jassian, Ludhiana
Building/Society:New Atam Nagar
Size:168.33 Sq. Yd.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Jassian, Ludhiana, Punjab. The auction will take place on November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at ₹54,00,000, with an Earnest Money Deposit (EMD) of ₹5,40,000 required to participate. This is a prime opportunity to acquire property through a bank auction.
Borrower Name:M/s RK Sharma Knitwears
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Jassian, Ludhiana, presents a calculated opportunity due to its size and location. While the reserve price is considerable, the area offers potential for future appreciation. Investment requires careful consideration of market conditions and development plans.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Sh. Sanjeev Gupta
Contact no:8195880036
