House for auction Prem Nagar Amritsar 12 lakh Canara Bank

Discover a compelling investment opportunity with this residential house located in the established Prem Nagar area of Amritsar, Punjab. This property, brought to you by Canara Bank through a SARFAESI auction, offers a promising prospect for homeowners or investors seeking a foothold in a developing locale. The house is situated in a well-connected part of the city, providing convenient access to essential amenities and services. This auction presents a chance to acquire a property with potential, ideal for personal residence or rental income generation. Don't miss this chance to own a piece of Amritsar.

Seize the opportunity at the Canara Bank SARFAESI auction for a residential house in Prem Nagar, Amritsar. The bidding commences on November 20, 2025, at 11:30 AM and concludes at 12:30 PM on the same day. The reserve price is set at ₹12,40,000, with an Earnest Money Deposit (EMD) of ₹1,24,000 required to participate. This auction is conducted under the SARFAESI Act, offering a transparent and regulated process for the acquisition of the property previously belonging to Smt. Ritu. Ensure all necessary documentation and funds are prepared to bid effectively in this limited-time online auction event.

The property's location in Prem Nagar, Amritsar, presents a decent investment opportunity given the reserve price. While the size is modest, the residential nature and location offer potential for rental income or future appreciation. A calculated approach is recommended due to the limited information and symbolic possession status.