Property for Auction in Jagraon, Ludhiana, Punjab
Auction ID:543561
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹1,24,17,000
EMD:₹12,41,700
Service Provider:BAANKNET
Submission Date:12-08-2025 05:00 PM
Bid Start Date:13-08-2025 11:00 AM
This is a commercial property situated in Jagraon, Ludhiana, Punjab, offered for sale by the State Bank of India through a SARFAESI auction. Previously associated with the borrower M/s GURU NANAK TRACTORS, the property presents a strategic commercial opportunity. Located within the Ludhiana district, Jagraon offers accessibility and potential for business growth. The property type is designated as Commercial Property. Bidders should conduct their own due diligence regarding the property's current condition, zoning, and any encumbrances before participating in the auction. The auction will be conducted online on August 13, 2025.
State:Punjab
City:Ludhiana
Area:Jagraon
Asset Category:Commercial
State Bank of India invites bids for a SARFAESI auction of a commercial property located in Jagraon, Ludhiana, Punjab. The auction will commence on August 13, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at ₹1,24,17,000, with an Earnest Money Deposit (EMD) of ₹12,41,700 required to participate. This is a prime opportunity to acquire a commercial asset in a developing area. Interested parties are advised to review all auction terms and conditions on the bank's official website. Property is offered on an "as is where is basis".
Borrower Name:M/s GURU NANAK TRACTORS
Auction Type:SARFAESI Auction
Vikas umar : 9779075339