Nawanshahr Agricultural Land Auction: 2 Kanal 3 Marla Farm Land at ₹26.19 Lakh – Reserve ₹26.19 Lakh (3 Nov 2026)
Verified Listing Auction Closed
Property ID: FB-57
Property Description
Federal Bank has published a fresh sale notice for the Nawanshahr agricultural land auction, and it is open to all eligible bidders. A share of agricultural land measuring 2 Kanal 3 Marla at Village Sujjawalpur in Shahid Bhagat Singh Nagar (Nawanshahr) district, Punjab, is being sold by the Recovery Officer of DRT-3 Chandigarh in a Federal Bank recovery case. The online e-auction is scheduled for 3 November 2026 (2:00 PM to 3:00 PM), with a reserve price of ₹26,19,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Nawanshahr Agricultural Land Auction: Key Highlights
- Reserve price: ₹26,19,000
- EMD: ₹2,60,000
- Auction date: 3 November 2026, 2:00 PM to 3:00 PM
- Location: Sujjawalpur, Nawanshahr, Punjab, Punjab
Nawanshahr Agricultural Land Auction – Complete Details
| Asset | Agricultural land share, Village Sujjawalpur, SBS Nagar |
| Description | Agricultural land measuring 2 Kanal 3 Marla 3¾ Sarsahi, being a 293/1161 share of 8 Kanal 12 Marla in Khasra Nos. 13 and 14 |
| Land area | 2 Kanal 3 Marla 3¾ Sarsahi (about 0.27 acre) |
| Survey / Plot No. | Khewat No. 26/20, Khatoni No. 40, Khasra Nos. 13 & 14, Hadbast No. 154 |
| Village | Sujjawalpur |
| Taluk | Nawanshahr |
| District | Shahid Bhagat Singh Nagar |
| Reserve price | ₹26,19,000 |
| EMD (10%) | ₹2,60,000 |
| Bid increment | ₹50,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Nawanshahr |
| Mode of sale | Online auction by the Recovery Officer, DRT-3 Chandigarh |
| E-auction portal | www.bankeauctions.com |
| Encumbrances | As per the proclamation of sale; bidders to verify revenue records |
| Notice date | 1 September 2026 |
About the Location – Sujjawalpur, Nawanshahr, Punjab
Sujjawalpur lies in the fertile Doaba belt near Nawanshahr town in Shahid Bhagat Singh Nagar district, between Jalandhar, Ludhiana and the Shivalik foothills. The area is known for wheat, paddy and potato cultivation and a large NRI population, which keeps demand for farmland steady. As this is an undivided share in a larger khasra, buyers should check partition status and mutation records at the tehsil office.
Is the Nawanshahr Agricultural Land Auction Worth It?
This is a DRT proclamation sale, not a SARFAESI sale, so terms follow the Income Tax Act second schedule; the reserve of ₹26.19 lakh for about a quarter acre should be compared with local circle rates. Bank auction properties usually sell close to the reserve price when competition is thin, which is where serious buyers find value.
Important Dates for the Nawanshahr Agricultural Land Auction
- Sale notice date: 1 September 2026
- Inspection: By prior arrangement with the bank officer named in the proclamation
- E-auction: 3 November 2026, 2:00 PM to 3:00 PM
How to Bid in This Federal Bank Auction
- Register on www.bankeauctions.com and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹2,60,000 by RTGS/NEFT and upload the bid form before the last date.
- Log in on 3 November 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay EMD by DD/pay order or RTGS in favour of the Recovery Officer, DRT-III Chandigarh; 25% on knock-down and balance within 15 days as per Income Tax Act second schedule rules. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for Khewat No. 26/20, Khatoni No. 40, Khasra Nos. 13 & 14, Hadbast No. 154.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical or symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our auction property due diligence checklist before you bid.
Contact the Authorised Officer
| Authorised Officer | Assistant Vice President & Division Head, LCRD Chandigarh (bank contact); sale conducted by Recovery Officer, DRT-3 Chandigarh |
| Office | Office of the Recovery Officer, Debts Recovery Tribunal Chandigarh (DRT-3), Ground Floor, SCO 33-34-35, Sector 17-A, Chandigarh 160017 |
| Phone | +91-8127511900 |
| Contact via LCRD Chandigarh Division |
Nawanshahr Agricultural Land Auction: FAQs
What is the reserve price in the Nawanshahr agricultural land auction?
The reserve price is ₹26,19,000. Bids below this amount are not accepted.
When is the Nawanshahr agricultural land auction scheduled?
The auction is on 3 November 2026 from 2:00 PM to 3:00 PM. EMD and bids must reach the bank by the date given in the notice.
How much EMD is required?
The earnest money deposit is ₹2,60,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More agricultural land auctions
- Bank auctions in Punjab
- Guide: reserve price bidding strategy
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the 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 Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Agricultural Land |
|---|---|
| Land Area | 2 Kanal 3 Marla 3¾ Sarsahi (about 0.27 acre) |
| Location | Sujjawalpur, Nawanshahr, Punjab, Punjab |
| Encumbrances | As per the proclamation of sale; bidders to verify revenue records |
Location Map
Auction Timeline
- 1 Sep 2026Auction Notice Published
- 3 Nov 2026, 2:00 PM to 3:00 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.