Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609993
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹60,00,000
EMD:₹6,00,000
Bid Increment:₹20,000
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
Residential plot located in Jawaddi, Ludhiana, Punjab. This property is being auctioned by Indian Bank under the SARFAESI Act. It is an ideal opportunity for individuals or developers looking to invest in a growing urban area.
State:Punjab
City:Ludhiana
Area:Jawaddi
Asset Category:Residential
Full Address:113, New Punjab Mata Nagar, Plot No. 113, New Punjab Mata Nagar, Village Jawadi, Jawaddi, Ludhiana
Building/Society:New Punjab Mata Nagar
Size:256.50 Sq. Yards
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Jawaddi, Ludhiana, Punjab. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 05:00 PM on the same day. The reserve price for this property is ₹60,00,000, with an Earnest Money Deposit (EMD) of ₹6,00,000. This auction presents a chance to acquire a property with clear title, previously associated with M/S Anmol Knitting.
Borrower Name:M/S Anmol Knitting
Auction Type:SARFAESI Auction
Guarantor Names:Sanjeev Jolly
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in Ludhiana with symbolic possession, which lowers its immediate usability. The reserve price appears reasonable for the area, presenting a calculated risk for investors willing to develop the land. The auction terms are standard, and location adds to its potential.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no:7347035057
