55.55 sq yd House for Auction in Ludhiana – GIC HFL

Property Details

Property type

House (Residential)

Possession

Not specified

Area

55.55 sq yd (≈ 499 sq ft)

Reserve price / sq ft

₹3,154

Locality

—

City

Ludhiana

State

Punjab

Address

H. No. 98-Min, Simran Enclave, Near Sangam Chowk, Jassian Road, Khasra No. 30//21/3-22/2-33/11/2-9-10-2-3-7-8-13-30/23-32/14/2-15-33//11-12-19-20-1-32//7/2-8/1, Khata No. 12/12-78/76-151/162-152/163, Page No.22-138-216-217, Jamabandi 2007-08, Hdbst No. 101, Wakia Vill. Jassian, Ludhiana Area Of Property 55.55 Sq. Yard. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Ludhiana Branch

Auction type

SARFAESI Auction

Borrower

PUNAM S****

Auction start

15 Oct 2026, 03:00 PM

Auction end

15 Oct 2026, 04:00 PM

EMD submission deadline

14 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2414653

Price Check

This listing's reserve price works out to ₹3,154 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,171 per sq ft, so this one is 1% 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 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 2414653), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,57,666 before 14 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 15 Oct 2026 starting above the reserve price, in multiples of ₹10,000.
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.