Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611386
Bank Name:Bank of Baroda
Branch Name:Branch: MSME
Reserve Price:₹87,00,000
EMD:₹8,70,000
Bid Increment:₹50,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-26
Property Description
This is a prime land parcel located in Ludhiana, Punjab, designated for a SARFAESI auction by Bank of Baroda. The property falls under the residential asset category and is situated in the well-connected area of Ludhiana city. Ideal for development or investment, this land offers a significant opportunity in a growing region.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Residential
Full Address:7561/3B, Street No 4, Plot No 7561/3B, New Amar Nagar, Ludhiana 141003, New Amar Nagar, Ludhiana
Size:391 sq.yds
Auction Description
Bank of Baroda is conducting a SARFAESI auction for a land property in Ludhiana, Punjab. The auction will take place on November 26, 2025, from 02:00 PM to 06:00 PM. The reserve price for this asset is ₹87,00,000, with an Earnest Money Deposit (EMD) of ₹8,70,000 required to participate. This is a unique opportunity to acquire valuable land in a strategic location.
Borrower Name:M/s RMS Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Ravinder Singh
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land parcel in Ludhiana, presents a moderate investment opportunity. The location in New Amar Nagar suggests potential for future development. The reserve price and EMD are reasonable, but further due diligence on local market conditions is advised.
Contact Details
Branch:Branch Office : Branch: MSME
Service Provider:BAANKNET
Contact Details:
Rajesh Kamboj
Contact no:98889-88645
