102.22 sq yard Residential Plot for Auction in Ludhiana – IOB

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

102.22 sq yard (≈ 919 sq ft)

Reserve price / sq ft

₹1,908

Locality

—

City

Ludhiana

State

Punjab

Pincode

141008

Address

Ludhiana, Punjab, 141008 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

SUNDER NAGAR-1589

Auction type

SARFAESI Auction

Borrower

Manishika T***** Co

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

25 Nov 2026, 05:00 PM

Inspection

10 Nov 2026, 10:00 AM – 25 Nov 2026, 04:00 PM

Authorised officer

rajshree sandhya

Officer contact

8925951589

E-auction portal

BAANKNET (Property ID IOBA1589Manishika)

Price Check

This listing's reserve price works out to ₹1,908 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,312 per sq ft, so this one is 42% 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.
2. Inspect the property on 10 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA1589Manishika)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 25 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 26 Nov 2026 starting above the reserve price.
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.