Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:610006
Bank Name:Indian Bank
Branch Name:Zonal Office : LUDHIANA
Reserve Price:₹11,34,000
EMD:₹1,13,400
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 is a residential plot located in Ludhiana, Punjab, brought to auction by Indian Bank. The property is situated in the Ludhiana area, offering a prime opportunity for development or investment. It is an ideal location for building your dream home or for a profitable real estate venture. The area is well-connected and sought after.
State:Punjab
City:Ludhiana
Area:Ludhiana
Asset Category:Residential
Full Address:Village Rania (Abadi Rania), HB No. 266, Tehsil and District Ludhiana, Rania, Ludhiana
Size:50 Sq. Yards
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Ludhiana, Punjab. The auction begins on November 19, 2025, at 10:00 AM and concludes at 5:00 PM on the same day. The reserve price is set at INR 11,34,000, with an Earnest Money Deposit (EMD) of INR 1,13,400 required. This is a significant opportunity to acquire a valuable asset through a transparent bank auction process.
Borrower Name:Mr. Vikas Dhawan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Seema Dhawan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Rania, Ludhiana, presents a calculated opportunity due to its size, location, and the bank auction terms. While the location is not a prime urban center, the reserve price and EMD make it an accessible entry point for investors or individuals seeking land ownership. Further due diligence is advised to assess local market trends and development potential.
Contact Details
Branch:Branch Office : Zonal Office : LUDHIANA
Service Provider:BAANKNET
Contact Details:
Contact no:73470-35091
