27 sq yard Commercial Building for Auction in Patiala, Patiala – BOB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

27 sq yard (≈ 243 sq ft)

Reserve price / sq ft

₹8,889

Locality

Patiala

City

Patiala

State

Punjab

Pincode

147002

Address

PATIALA, Punjab, 147002 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of Baroda

Branch

REGIONAL SARB, LUDHIANA - 6131

Auction type

SARFAESI Auction

Borrower

1. M/s S***** I***** P***** V****

Auction start

07 Oct 2026, 02:00 PM

Auction end

07 Oct 2026, 06:00 PM

EMD submission deadline

06 Oct 2026, 05:00 PM

Inspection

11 Sep 2026, 10:00 AM – 06 Oct 2026, 04:00 PM

Authorised officer

AJAY V NANDURKAR

Officer contact

9898670184

E-auction portal

BAANKNET (Property ID BARB78390400000017)

Price Check

This listing's reserve price works out to ₹8,889 per sq ft. The average across commercial bank auctions in Patiala on our site is ₹4,239 per sq ft, so this one is 110% 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.
2. Inspect the property on 11 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BARB78390400000017)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 06 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 Oct 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.