Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611657
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹9,80,000
EMD:₹98,000
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:20-11-2025 11:30 AM
Property Description
This is a residential plot located in Sahnewal, Ludhiana, Punjab. The property is being auctioned by Canara Bank under SARFAESI Act. The plot is part of a SARFAESI auction initiated by Canara Bank. The borrower's name associated with this property is Sh. Mangal Singh. This is an opportunity to acquire land in a developing area of Ludhiana.
State:Punjab
City:Ludhiana
Area:Sahnewal
Asset Category:Residential
Full Address:Village Gobindgarh, Hadbast No. 243, Locality known as Near Mata Gujri School, Sub-Tehsil Sahnewal, Tehsil & District Ludhiana, Sahnewal, Ludhiana
Size:100 Sq. Yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Sahnewal, Ludhiana, Punjab. The auction will take place on November 20, 2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price for this plot is ₹9,80,000, with an Earnest Money Deposit (EMD) of ₹98,000 required to participate. Interested bidders are advised to review all auction terms and conditions provided by Canara Bank.
Borrower Name:Sh. Mangal Singh
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing locality near Ludhiana. While the reserve price seems reasonable, further due diligence on local market rates is advised. This represents a calculated risk with potential for moderate returns.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
