Payal Plot Auction: Plot (223 sq ft) – Reserve ₹11.37 Lakh (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-365426
Property Description
Punjab National Bank has put a residential plot up for sale through the Payal plot auction, open to all registered bidders on BAANKNET. On offer is a plot in Payal, Ludhiana (PIN 141416), with 223 sq ft built-up and 223 sq ft carpet area. The online auction runs on 6 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹11,37,000.
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
Payal Plot Auction: Key Highlights
- Reserve price: ₹11,37,000 (₹11.37 Lakh)
- EMD: ₹1,13,700
- Bid increment: ₹20,000
- Auction: 6 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 6 October 2026, 4:00 PM
- Location: Payal, Ludhiana, Punjab
- Possession: Symbolic
Payal Plot Auction – Complete Details
| Auction ID | 365426 |
| Bank property ID | PUNB0WJB10702169 |
| Bank | Punjab National Bank |
| Branch | Branch – Circle Office Ludhiana |
| Property type | Residential – Plot |
| Built-up area | 223 sq ft |
| Carpet area | 223 sq ft |
| Locality | Khanna |
| City / District | Payal, Ludhiana |
| State | Punjab |
| PIN code | 141416 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹11,37,000 |
| EMD | ₹1,13,700 |
| Bid increment | ₹20,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Payal
Payal is in Ludhiana district of Punjab, under PIN code 141416. 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 Ludhiana, which is usually the best contact for site visits and local queries.
Is the Payal Plot Auction Worth It?
At the reserve price, the property works out to about ₹5,099 per sq ft of built-up area – compare this with recent resale rates in Payal before you bid. The EMD of ₹1,13,700 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Payal Plot Auction
- Inspection window: 1 October 2026, 10:00 AM to 5 October 2026, 5:00 PM
- EMD submission opens: 29 September 2026
- Last date for EMD: 6 October 2026, 4:00 PM
- E-auction: 6 October 2026, 11:00 AM to 4:00 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 365426 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9779266766.
- Pay the EMD of ₹1,13,700 through the BAANKNET wallet before 6 October 2026, 4:00 PM.
- Log in on 6 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
- Obtain the encumbrance certificate and verify the title chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Payal Plot Auction: FAQs
What is the reserve price in the Payal plot auction?
The reserve price is ₹11,37,000. Bids below the reserve price are not accepted.
When is the Payal plot auction 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, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,13,700. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Payal, Ludhiana, Punjab – 141416.
Where can I see the official sale notice?
Search Auction ID 365426 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 residential plot auctions
- Bank auctions in Punjab
- Guide: reserve price bidding strategy
Source: Auction ID 365426 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 | Residential Plots |
|---|---|
| Built-up Area | 223 sq ft |
| Location | Payal, Ludhiana, Ludhiana, Punjab |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 29 Sep 2026Auction Notice Published
- 1 Oct 2026Inspection Starts
- 5 Oct 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.