Property for Auction in Chandigarh, Chandigarh, Punjab
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611031
Bank Name:Central Bank of India
Branch Name:SAM BRANCH, CHANDIGARH
Reserve Price:₹13,90,000
EMD:₹1,39,000
Bid Increment:₹10,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:BAANKNET
Submission Date:21-11-2025 06:00 PM
Bid Start Date:2025-11-21
Central Bank of India is auctioning a commercial property located in Chandigarh, Punjab. This asset, previously owned by M/s Rosy Hosiery Stocks, is categorized as commercial property. The property is situated in the heart of Chandigarh, offering excellent potential for business ventures. Its prime location ensures high visibility and accessibility, making it an attractive investment opportunity for aspiring entrepreneurs and established businesses alike. The auction will be conducted under SARFAESI guidelines, ensuring a transparent and legally sound transaction process.
State:Punjab
City:Chandigarh
Area:Chandigarh
Asset Category:Commercial
Full Address:144, Mills Partners: Late Sh. Kewal Kalra (Through Legal Representatives). Sh. Rahul Kalra, Regd. Office-144, Diwan Nihal Chand Road, Civil Lines, Ludhiana 141001, Civil Lines, Ludhiana
This is a SARFAESI auction conducted by the Central Bank of India for a commercial property in Chandigarh. The auction will commence on November 21, 2025, at 02:00 PM and conclude at 06:00 PM on the same day. The reserve price for this prime commercial asset is ₹13,90,000, with an Earnest Money Deposit (EMD) of ₹1,39,000 required to participate. This is a unique opportunity to acquire a valuable commercial space in Chandigarh through a public auction process facilitated by the Central Bank of India.
Borrower Name:M/s Rosy Hosiery Stocks
Auction Type:SARFAESI Auction
Guarantor Names:Late Sh. Kewal Kalra, Sh. Rahul Kalra, M/s Rosy Knitwears
Encumbrance Details:Not Known to Bank
The auction presents a moderate investment opportunity. While the description of the stocks is vague, a low reserve price and the bank's involvement reduce risk. Investment is a calculated opportunity due to the unspecified stock type.
Branch:Branch Office : SAM BRANCH, CHANDIGARH
Service Provider:BAANKNET
Contact Details:
Contact no:9982768600