Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613099
Bank Name:SMFG INDIA CREDIT COMPANY LIMITED
Branch Name:Branch Office: Chandigarh
Reserve Price:₹18,98,973
EMD:₹1,89,897
Auction Time:11:00 AM to 01:00 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a residential plot located in Ludhiana, Punjab. The property is part of a SARFAESI auction conducted by SMFG INDIA CREDIT COMPANY LIMITED. The plot is situated in the city of Ludhiana, offering potential for development or investment in a prime location within the state.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Residential
Full Address:VILLAGE LOHARA ABADI KNOWN AS NEW AZAD NAGAR HADBAST NO. 260, New Azad Nagar, Ludhiana
Size:101-1/3 sq. yds.
Auction Description
SMFG INDIA CREDIT COMPANY LIMITED is holding a SARFAESI auction for a residential plot in Ludhiana, Punjab. The auction is scheduled for November 21, 2025, starting at 11:00 AM and ending at 01:00 PM. The reserve price for this property is INR 18,98,973, with an Earnest Money Deposit (EMD) of INR 1,89,897. This is an excellent opportunity to acquire a plot through a bank auction process.
Borrower Name:Mr ATUL KUMAR
Auction Type:SARFAESI Auction
Guarantor Names:ALKADEVI
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated risk due to its land category in Ludhiana, balanced by a reasonable reserve price. Location in New Azad Nagar adds some value. Auction terms appear standard, suggesting a potentially worthwhile investment with careful due diligence.
Contact Details
Branch:Branch Office : Branch Office: Chandigarh
Service Provider:drt.auctiontiger.net
Contact Details:
Lalit Batra
Contact no:+919878091340
