Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609122
Bank Name:Punjab National Bank
Branch Name:SAMB CHANDIGARH
Reserve Price:₹19,36,000
EMD:₹1,94,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 4:00 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 prime plot of land located on Kamalwala Road in Firozpur, Punjab. The property is categorized as residential and is being auctioned by Punjab National Bank under the SARFAESI Act. It presents a significant opportunity for development or personal use in a well-established area.
State:Punjab
City:Firozpur
Area:Kamalwala Road
Asset Category:Residential
Full Address:Guru Nanak Nagari, Kamalwala Road, Guru Nanak Nagari, Mallanwala, Kamalwala Road, Firozpur
Building/Society:Guru Nanak Nagari
Size:484 sq. yards
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot located on Kamalwala Road, Firozpur, 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 asset is ₹19,36,000, with an Earnest Money Deposit (EMD) of ₹1,94,000 required to participate. This is a valuable opportunity to acquire property through a transparent banking auction process.
Borrower Name:M/s Mahadev Industries
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area, offered at a reasonable reserve price. The symbolic possession status and 'Not Known' encumbrance details introduce a moderate level of risk. This auction represents a calculated opportunity for buyers familiar with the local real estate market.
Contact Details
Branch:Branch Office : SAMB CHANDIGARH
Service Provider:BAANKNET
Contact Details:
Shri Hari Singh Gumra
Contact no:9501011937
