610.5 sq yd Land & Building for Auction in Ludhiana – Axis

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

610.5 sq yd (≈ 5,494 sq ft)

Reserve price / sq ft

₹5,196

Locality

—

City

Ludhiana

State

Punjab

Address

All that part and parcel of the immovable property being Industrial property comprising of factory land and Building measuring 610.50 Sq yards situated in plot no 4, bearing MC No B-XXX-2643/1, baba Gajja Jain Colony near Sethi sweet Shop, Moti Nagar Tehsil and district Ludhiana in the name of M/s Vijay k Jairath and company. The said property is bounded as under: North: Plot no 22/14/1 South: Plot No 22/14/4 East: Road 20ft West: Raushan lal View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Axis Bank

Branch

Axis Bank, Retail Asset, Ludhiana - BO

Auction type

SARFAESI Auction

Borrower

M/s V**** K J*****

Auction start

05 Oct 2026, 11:00 AM

Auction end

05 Oct 2026, 01:00 PM

EMD submission deadline

03 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹5,196 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,171 per sq ft, so this one is 64% above 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 (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹28,55,000 before 03 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 5 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.