Faridkot House Auction 151203: Individual House – Reserve ₹9 Lakh (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-363533
Property Description
Looking for a house below market price in Faridkot? The Faridkot house auction 151203 by Punjab National Bank is scheduled for 6 Oct 2026. On offer is a individual house in Faridkot (PIN 151203). The online auction runs on 6 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹9,00,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Faridkot House Auction 151203: Key Highlights
- Reserve price: ₹9,00,000 (₹9 Lakh)
- EMD: ₹90,000
- Bid increment: ₹10,000
- Auction: 6 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 6 October 2026, 3:59 PM
- Location: Faridkot, Punjab
- Possession: Symbolic
Faridkot House Auction 151203 – Complete Details
| Auction ID | 363533 |
| Bank property ID | PUNBABA47491187 |
| Bank | Punjab National Bank |
| Branch | Branch – Circle Office Fazilka |
| Property type | Residential – Individual House |
| City / District | Faridkot |
| State | Punjab |
| PIN code | 151203 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹9,00,000 |
| EMD | ₹90,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Faridkot
This listing falls in Faridkot, Punjab, postal code 151203. Punjab’s property demand is spread across Ludhiana, Jalandhar, Amritsar, Mohali and Patiala, supported by agriculture, small industry and a large NRI population. The handling branch is Branch – Circle Office Fazilka, which is usually the best contact for site visits and local queries.
Is the Faridkot House Auction 151203 Worth It?
The EMD of ₹90,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Faridkot House Auction 151203
- Inspection window: 25 September 2026, 11:00 AM to 25 September 2026, 4:00 PM
- EMD submission opens: 21 September 2026
- Last date for EMD: 6 October 2026, 3:59 PM
- E-auction: 6 October 2026, 11:00 AM to 4:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 363533 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8800547474.
- Pay the EMD of ₹90,000 through the BAANKNET wallet before 6 October 2026, 3:59 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our buying bank auction houses and villas before you bid.
Faridkot House Auction 151203: FAQs
What is the reserve price in the Faridkot house auction 151203?
The reserve price is ₹9,00,000. Bids below the reserve price are not accepted.
When is the Faridkot house auction 151203 scheduled?
The e-auction is on 6 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 6 October 2026, 3:59 PM.
How much EMD is required?
The earnest money deposit is ₹90,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Faridkot, Punjab – 151203.
Where can I see the official sale notice?
Search Auction ID 363533 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Punjab Auctions
- All Punjab National Bank auction listings
- More house auctions
- Bank auctions in Punjab
- Guide: symbolic vs physical possession explained
Source: Auction ID 363533 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Location | Faridkot, Faridkot, Punjab |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 21 Sep 2026Auction Notice Published
- 25 Sep 2026Inspection Starts
- 25 Sep 2026Inspection Ends
- 6 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 11:00 AM to 4:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.