Property for Auction in Faridkot, Faridkot, Punjab
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
Submission Date:2023-12-09
Bid Start Date:2023-12-11
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
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
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
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.
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Vinod Kumar
Contact no:9416028566