Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612962
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹18,08,800
EMD:₹1,80,880
Bid Increment:₹25,000
Auction Time:11:00 HRS to 16:00 HRS
Service Provider:BAANKNET
Important Dates
Submission Date:01-12-2025 05:00 PM
Bid Start Date:2025-12-02
Property Description
This is a prime residential plot located on Ferozepur Road in Faridkot, Punjab. The property is being auctioned by the State Bank of India. It offers a great opportunity for development or investment in a growing area. The plot is situated in a well-connected locality, making it an attractive prospect for potential buyers.
State:Punjab
City:Faridkot
Area:Ferozepur Road
Asset Category:Residential
Full Address:81, Krishna Enclave, Krishna Enclave, Moga-Ferozepur Road, village Satiyewala, Hadbast no. 114, Tehsil & Distt. Ferozepur, Krishna Enclave, Faridkot
Building/Society:Krishna Enclave
Size:230 sq yds
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential plot in Faridkot, Punjab, on Ferozepur Road. The auction will take place on December 2, 2025, starting at 11:00 AM and ending at 04:00 PM. The reserve price for this property is INR 18,08,800, with an Earnest Money Deposit (EMD) of INR 1,80,880. This is a significant opportunity to acquire a plot of land through a transparent bank auction process.
Borrower Name:M/s Radhe Sham
Auction Type:SARFAESI Auction
Guarantor Names:Shri Nikhil Garg, Shri Parveen Kumar, Shri Suresh Aggarwal, Smt. Santosh Kumari
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area. The price seems reasonable, and with a clear auction date and inspection, it presents a calculated opportunity for buyers looking at long-term investments.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Jaibir Singh
Contact no:99881-92220
