Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611679
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹26,40,000
EMD:₹2,64,000
Auction Time:12:30 PM to 01:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2023-11-07
Property Description
This is a residential plot located in Manakwal, Ludhiana, Punjab. The property is being auctioned by Canara Bank as part of a SARFAESI action. Mr. Gurmit Singh is the borrower associated with this asset. This is a great opportunity to acquire land in a developing area.
State:Punjab
City:Ludhiana
Area:Manakwal
Asset Category:Residential
Full Address:Plot No. 163, GK Vihar, Village Manakwal, Hadbast No. 276 locality known GK Vihar, Tehsil & Distt. Ludhiana, Manakwal, Ludhiana
Building/Society:GK Vihar
Size:111.11 Sq. Yards
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential plot in Manakwal, Ludhiana, Punjab. The auction will take place on 20-11-2025, starting at 11:30 AM and ending at 12:30 PM. The reserve price for this property is INR 26,40,000, with an Earnest Money Deposit (EMD) of INR 2,64,000 required to participate. This is a single-day auction event.
Borrower Name:Mr. Gurmit Singh
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Manakwal, Ludhiana presents a calculated opportunity given its size and location. While the reserve price requires careful consideration, the potential for future development in the area makes it a worthwhile investment for those seeking land in a developing locality. Further due diligence is advised.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
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