Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609504
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹27,78,000
EMD:₹2,77,800
Bid Increment:₹25,000
Auction Time:11:00 HRS to 16:00 HRS
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This auction features a valuable plot of land located in Shimlapuri, Ludhiana, Punjab. The property is being offered by the State Bank of India and is categorized as residential land. Ideal for development or investment, this parcel presents a prime opportunity in a growing urban area.
State:Punjab
City:Ludhiana
Area:Shimlapuri
Asset Category:Residential
Full Address:Khasra No. 687-688 Khata No. 1399/1927, Shimlapuri, Shimlapuri, Ludhiana
Size:250 sq yards
Auction Description
State Bank of India presents a SARFAESI auction for a residential land parcel in Shimlapuri, Ludhiana. The auction will be held on November 19, 2025, from 11:00 AM to 4:00 PM. The reserve price is ₹27,78,000, with an Earnest Money Deposit (EMD) of ₹2,77,800. This is a significant opportunity to acquire property through a bank auction, formerly associated with M/s Suresh Industries.
Borrower Name:M/s Suresh Industries
Auction Type:SARFAESI Auction
Guarantor Names:M/s Suresh Enterprises, Sh Suresh Kumar Sharma, Sh Amit Sharma
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The land in Shimlapuri, Ludhiana, offers potential due to its size and location. The reserve price appears reasonable, but thorough due diligence is recommended before bidding. This is a calculated opportunity suitable for investors familiar with the local market.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Vikas Kumar Chaurasiya (C.L.O)
Contact no:9779075339
