Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612961
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 auction features a prime plot of land located on Ferozepur Road in Faridkot, Punjab. The property is categorized as residential and is being auctioned by the State Bank of India under SARFAESI provisions. Ideal for investors or developers, this land offers a great opportunity in a developing area. Don't miss this chance to acquire a valuable asset in Faridkot.
State:Punjab
City:Faridkot
Area:Ferozepur Road
Asset Category:Residential
Full Address:80, Krishna Endave, Moga-Ferozepur Road, village Satiyewala, Hadbast no. 114, Tehsil & Distt. Ferozepur, Krishna Endave, Faridkot
Size:230 sq yds
Auction Description
State Bank of India presents a SARFAESI auction for a residential land parcel in Faridkot, Punjab. The auction will commence on December 2, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is ₹18,08,800, with an Earnest Money Deposit (EMD) of ₹1,80,880 required. This is a unique opportunity to bid on a property with clear title, facilitated by the State Bank of India.
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 of Faridkot, Punjab. While the reserve price seems reasonable, further due diligence is recommended to assess local market dynamics and potential future growth. This location can be a good investment.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Jaibir Singh (C.L.O)
Contact no:99881-92220
