Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611555
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹93,50,000
EMD:₹9,35,000
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:20-11-2025 11:30 AM
Property Description
This is a vacant plot located on Kapurthala Road, Jalandhar, Punjab. The property is a residential plot, offered by Canara Bank through a SARFAESI auction. It presents a potential investment opportunity in a developing area.
State:Punjab
City:Jalandhar
Area:Kapurthala Road
Asset Category:Residential
Full Address:Basti Bawa Khel Kapurthala Road, Jalandhar - 144021, Kapurthala Road, Jalandhar
Size:26.5 Marla
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot situated on Kapurthala Road, Jalandhar, Punjab. The auction will take place on November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹93,50,000, with an Earnest Money Deposit (EMD) of ₹9,35,000 required. The property was formerly mortgaged by M/s Global Lubes India.
Borrower Name:M/s Global Lubes India
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The plot's location on Kapurthala Road in Jalandhar presents a decent investment opportunity. While the reserve price is substantial, the potential for development in this area warrants consideration. The recommendation is 'Calculated Opportunity' due to the need for thorough due diligence and market analysis before committing.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
