1,210 sq yard Residential Plot for Auction in Patiala – PSB

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

1,210 sq yard (≈ 10,890 sq ft)

Reserve price / sq ft

₹569

Locality

—

City

Patiala

State

Punjab

Pincode

147001

Address

Patiala, Punjab, 147001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab & Sind Bank

Branch

RAJBAHA ROAD PATIALA-P0653

Auction type

SARFAESI Auction

Borrower

M/s. A***** F***** I**** L*** & M/s G***** F***** a** P***** C***** P*** L***

Auction start

30 Oct 2026, 11:00 AM

Auction end

30 Oct 2026, 03:00 PM

EMD submission deadline

29 Oct 2026, 04:00 PM

Inspection

—

Authorised officer

RANJIT KAUR

Officer contact

8146565484

E-auction portal

BAANKNET (Property ID PSIB0638)

Price Check

This listing's reserve price works out to ₹569 per sq ft. The average across residential bank auctions in Patiala on our site is ₹1,603 per sq ft, so this one is 65% 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 (BAANKNET (Property ID PSIB0638)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 29 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 30 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.