2 sq yd Land & Building for Auction in Ludhiana – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Symbolic Possession

Area

2 sq yd (≈ 18 sq ft)

Reserve price / sq ft

₹2,64,461

Locality

—

City

Ludhiana

State

Punjab

Address

All that piece and parcel of property along with building thereon bearing M.C.No.B-XXII-2724/3, admeasuring 170-1/2 Sq. Yards, Comprised in Khasra No.3531/258, 3532/258, 6161/259/1, 6161/259/3/1, 259/2 6161/259/2, Khata No.1408/1926 as per Jamabandi for the wear 2010-11, situated at Galli No.1, locality known as Chet Singh Nagar, Gil Road, Ludhiana in the name of Sh. Jasmeet Singh S/o. Sh. Uttam Singh more particularly described under Sale Deed No.5471 dated 08/10/2015 of SRO Ludhiana and bounded on North by Road, South by Harnam Kaur, East by Asian Cycles and West by Seller. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Ludhiana Branch

Auction type

SARFAESI Auction

Borrower

Mrs H***** K***

Auction start

07 Oct 2026, 12:30 PM

Auction end

07 Oct 2026, 01:00 PM

EMD submission deadline

06 Oct 2026, 02:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401905

Price Check

This listing's reserve price works out to ₹2,64,461 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,171 per sq ft, so this one is 8240% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2401905), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹47,60,300 before 06 Oct 2026, 02:00 PM. It is refunded if you don't win.
5. Bid online on 7 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.