Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611632
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹6,75,000
EMD:₹67,500
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:20-11-2025 11:30 AM
Property Description
A prime commercial property located in Kotkapura, Faridkot, Punjab. This asset is part of a SARFAESI auction conducted by Canara Bank. Situated in a prominent area, this property offers excellent potential for business or investment purposes. Its location in Kotkapura, Faridkot, ensures good connectivity and accessibility.
State:Punjab
City:Faridkot
Area:Kotkapura
Asset Category:Commercial
Full Address:Near Old HDFC Bank, In front of Railway Lines, Faridkot - Kotkapura Road, Kotkapura, Kotkapura, Faridkot
Size:28.11 Sq Yds
Auction Description
Canara Bank is holding a SARFAESI auction for a commercial property in Kotkapura, Faridkot, Punjab. The auction will commence on November 20, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price for this property is INR 6,75,000, with an Earnest Money Deposit (EMD) of INR 67,500 required to participate. The borrower for this asset is M/s Big Fly Multy Trades LLP.
Borrower Name:M/s Big Fly Multy Trades LLP
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Kotkapura presents a calculated opportunity due to its location and relatively low reserve price. However, potential buyers should conduct thorough due diligence regarding the property's encumbrances and market conditions. The auction terms seem reasonable, but the overall investment appeal warrants careful consideration.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
