Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:610029
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹1,58,00,000
EMD:₹15,80,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This auction features a residential plot located in Ludhiana, Punjab, offered by Indian Bank. Situated in the Ludhiana area, this property presents a prime investment opportunity within a well-established region. The asset category is residential, making it suitable for development or personal use. Don't miss the chance to acquire this valuable plot in a key city of Punjab.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Residential
Full Address:Village Mangat, Hadbast No. 64, Tehsil and District Ludhiana, Mangat, Ludhiana
Size:5643.75 sq. yards
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Ludhiana, Punjab. The reserve price for this auction is ₹1,58,00,000, with an Earnest Money Deposit (EMD) of ₹15,80,000. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 05:00 PM on the same day. This is a unique opportunity to bid on a property belonging to M/s Rudra International.
Borrower Name:M/s Rudra International
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Amit Mahajan, Mr. Kapil Mahajan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This plot in Ludhiana offers a strong investment opportunity due to its size and location. The reserve price is reasonable for the area, and the symbolic possession indicates lower risk. With its promising location and clear auction terms, this property presents a compelling purchase.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no:7347035132
