Indian Bank Ludhiana Factory Auction: Industrial Plot with Factory Building (100 sq ft) – Reserve ₹70.74 Lakh (28 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-367758
Property Description
Here is a fresh bank e-auction worth tracking: the Indian Bank Ludhiana factory auction, offered by Indian Bank at a reserve of ₹70.74 Lakh. On offer is a industrial plot with factory building in Ludhiana (PIN 141007), with 100 sq ft carpet area. The online auction runs on 28 October 2026 (10:00 AM to 10:00 PM) with a reserve price of ₹70,74,000.
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
Indian Bank Ludhiana Factory Auction: Key Highlights
- Reserve price: ₹70,74,000 (₹70.74 Lakh)
- EMD: ₹7,07,400
- Bid increment: ₹20,000
- Auction: 28 October 2026, 10:00 AM to 10:00 PM
- Last date for EMD: 28 October 2026, 2:00 PM
- Location: Ludhiana, Punjab
- Possession: Physical
Indian Bank Ludhiana Factory Auction – Complete Details
| Auction ID | 367758 |
| Bank property ID | IDIBLDH10167425929 |
| Bank | Indian Bank |
| Branch | Ludhiana Vardhman |
| Property type | Industrial – Industrial Plot with Factory Building |
| Carpet area | 100 sq ft |
| City / District | Ludhiana |
| State | Punjab |
| PIN code | 141007 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹70,74,000 |
| EMD | ₹7,07,400 |
| Bid increment | ₹20,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Ludhiana
This listing falls in Ludhiana, Punjab, postal code 141007. 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 Ludhiana Vardhman, which is usually the best contact for site visits and local queries.
Is the Indian Bank Ludhiana Factory Auction Worth It?
At the reserve price, the property works out to about ₹70,740 per sq ft of carpet area – compare this with recent resale rates in Ludhiana before you bid. The EMD of ₹7,07,400 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Indian Bank Ludhiana Factory Auction
- Inspection window: 20 October 2026, 10:00 AM to 20 October 2026, 5:00 PM
- EMD submission opens: 1 October 2026
- Last date for EMD: 28 October 2026, 2:00 PM
- E-auction: 28 October 2026, 10:00 AM to 10:00 PM
- Auto-extension: 10 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 367758 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8360224083.
- Pay the EMD of ₹7,07,400 through the BAANKNET wallet before 28 October 2026, 2:00 PM.
- Log in on 28 October 2026 and bid above the reserve in steps of ₹20,000; each late bid extends the auction by 10 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
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Indian Bank Ludhiana Factory Auction: FAQs
What is the reserve price in the Indian Bank Ludhiana factory auction?
The reserve price is ₹70,74,000. Bids below the reserve price are not accepted.
When is the Indian Bank Ludhiana factory auction scheduled?
The e-auction is on 28 October 2026 from 10:00 AM to 10:00 PM. The last date for EMD is 28 October 2026, 2:00 PM.
How much EMD is required?
The earnest money deposit is ₹7,07,400. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Ludhiana, Punjab – 141007.
Where can I see the official sale notice?
Search Auction ID 367758 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Punjab Auctions
- All Indian Bank auction listings
- More factory auctions
- Bank auctions in Punjab
- Guide: finance options for commercial auctions
Source: Auction ID 367758 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian 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 Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Land Area | 100 sq ft |
| Location | Ludhiana, Ludhiana, Punjab |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 1 Oct 2026Auction Notice Published
- 20 Oct 2026Inspection Starts
- 20 Oct 2026Inspection Ends
- 28 Oct 2026Last Date for EMD Submission
- 28 Oct 2026, 10:00 AM to 10:00 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.