100 sq yd House for Auction in Ludhiana – GIC HFL

Property Details

Property type

House (Residential)

Possession

Not specified

Area

100 sq yd (≈ 900 sq ft)

Reserve price / sq ft

₹1,724

Locality

—

City

Ludhiana

State

Punjab

Address

H No 65, St No 3. Hazoori Bagh Colony, Bhattian, Khasra No 25//16-25-31/5/1 Ludhiana Area Of Property 100 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

RACHPAL 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 2414657

Price Check

This listing's reserve price works out to ₹1,724 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,171 per sq ft, so this one is 46% 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 2414657), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,55,125 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.