242 sq yard House for Auction in Raikot, Ludhiana – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

242 sq yard (≈ 2,178 sq ft)

Reserve price / sq ft

₹468

Locality

Raikot

City

Ludhiana

State

Punjab

Pincode

142034

Address

Raikot, Punjab, 142034 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

JAGRAON-2097

Auction type

Bank Auction

Borrower

PRITAM S****

Auction start

20 Nov 2026, 11:30 AM

Auction end

20 Nov 2026, 12:30 PM

EMD submission deadline

19 Nov 2026, 05:00 PM

Inspection

12 Nov 2026, 03:00 PM – 13 Nov 2026, 05:00 PM

Authorised officer

SAPAN SHARMA

Officer contact

9041112097

E-auction portal

BAANKNET (Property ID CNRBpritamjagroan)

Price Check

This listing's reserve price works out to ₹468 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,283 per sq ft, so this one is 86% 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 12 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBpritamjagroan)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 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.