2 verified NPA listings from leading Indian banks in Malerkotla. Browse live auctions below.
Bank auctions in Malerkotla are conducted by lenders under the SARFAESI Act, 2002 after a borrower's account turns NPA. The bank takes possession of the mortgaged property, publishes a sale notice in a local and a national newspaper, and holds an online e-auction. Buyers get a sale certificate from the authorised officer once the full amount is paid.
NPAAUCTION.IN tracks 2 listings in Malerkotla, of which 1 have an auction date still ahead. Active lenders here include Punjab & Sind Bank.
Sale notices for Malerkotla appear in local newspapers and on the lender's e-auction portal at least 15 days before the bid date.
Visit on the notified inspection date. In Malerkotla, verify the plot boundary against the schedule of property and the local municipal record.
Obtain the encumbrance certificate from the Punjab sub-registrar office, check the property tax status with the municipal body, and confirm land use with the development authority.
Pay the EMD by NEFT/RTGS before the deadline, then bid online during the auction window.
Pay 25% immediately and the balance within 15 days, then register the sale certificate and pay Punjab stamp duty.
Shortlist a lot on NPAAUCTION.IN, read the bank's sale notice, inspect the property on the notified date, complete title and dues checks, pay the EMD before the cut-off, and bid online. The winner pays 25% immediately and the balance within 15 days, then registers the sale certificate.
Reserve prices are set against the outstanding loan by a panel valuer, so they often start below comparable resale prices. The final price depends on competition on auction day, and buyers absorb repair, dues and possession costs.
EMD is specified in every sale notice and is commonly 10% of the reserve price. It is refunded to unsuccessful bidders and adjusted against the winner's payment.
Yes. Many lenders finance auction purchases, and the auctioning bank itself often does. Get an in-principle sanction before bidding because the balance is due within 15 days.
Stamp duty and registration charges on the sale certificate follow Punjab rates and are payable by the buyer on top of the bid amount. Use our stamp duty calculator for an estimate.
That indicates symbolic possession. The buyer or the bank applies to the District Magistrate under Section 14 of the SARFAESI Act to obtain physical possession. Factor in this time and legal cost before bidding.