1,800 sq ft Flat for Auction in Kumbra, Mohali – Assets Care And Reconstruction Enterprise Limited

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

1,800 sq ft

Reserve price / sq ft

₹1,347

Locality

Kumbra

City

Mohali

State

Punjab

Pincode

160062

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Assets Care And Reconstruction Enterprise Limited

Branch

Assets Care and Reconstruction Enterprise Limited, Mumbai - BO

Auction type

SARFAESI Auction

Borrower

Gurdev S****

Auction start

23 Nov 2026, 02:30 PM

Auction end

23 Nov 2026, 03:30 PM

EMD submission deadline

22 Nov 2026, 06:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹1,347 per sq ft. The average across residential bank auctions in Mohali on our site is ₹4,432 per sq ft, so this one is 70% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues (open notice).
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,42,500 before 22 Nov 2026, 06:00 PM. It is refunded if you don't win.
5. Bid online on 23 Nov 2026 starting above the reserve price, in multiples of ₹5,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.