Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611645
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹16,15,000
EMD:₹1,61,500
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2023-12-09
Bid Start Date:2023-12-11
Property Description
This is a residential plot located in Faridkot, Punjab, offered by Canara Bank. The property is part of a SARFAESI auction and belonged to Mr. Surjit Singh. It presents a valuable opportunity for investment or development in the Faridkot area.
State:Punjab
City:Faridkot
Area:Faridkot
Asset Category:Residential
Full Address:Street No.6, Teacher Colony, Faridkot, Teacher Colony, Faridkot
Size:7-1/10 Marla
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Faridkot, Punjab. The auction has a reserve price of ₹16,15,000 and requires an Earnest Money Deposit (EMD) of ₹1,61,500. The auction will take place on November 20, 2025, starting at 11:30 AM and concluding at 12:30 PM.
Borrower Name:Mr. Surjit Singh
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Faridkot presents a calculated opportunity. While the location offers potential for growth, further investigation into local market dynamics is advised. The reserve price appears reasonable, warranting closer evaluation of potential returns.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Vinod Kumar
Contact no:9416028566
