122.55 sq yard House for Auction in Ludhiana – IOB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

122.55 sq yard (≈ 1,102 sq ft)

Reserve price / sq ft

₹6,025

Locality

—

City

Ludhiana

State

Punjab

Pincode

141006

Address

Ludhiana, Punjab, 141006 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

BROWN ROAD, LUDHIANA-342

Auction type

SARFAESI Auction

Borrower

Zuki E***** H***** K***

Auction start

23 Nov 2026, 10:00 AM

Auction end

23 Nov 2026, 05:00 PM

EMD submission deadline

22 Nov 2026, 05:00 PM

Inspection

23 Oct 2026, 10:00 AM – 22 Nov 2026, 04:00 PM

Authorised officer

ARTI SABHARWAL

Officer contact

8925950342

E-auction portal

BAANKNET (Property ID IOBA0342Zukient)

Price Check

This listing's reserve price works out to ₹6,025 per sq ft. The average across residential bank auctions in Ludhiana on our site is ₹3,318 per sq ft, so this one is 82% 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 23 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA0342Zukient)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 22 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 23 Nov 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.