Land And Building for auction Karam Singh colony Amritsar 17 lakh Indian Overseas Bank

This SARFAESI auction features a residential land and building located in Amritsar, Punjab. The property, formerly owned by Mr. Jaspal Singh, offers a prime opportunity in a key urban area. The land and building are situated in Amritsar city, providing potential for development or residential use. This is a direct auction from Indian Overseas Bank.

Indian Overseas Bank presents a SARFAESI auction for a land and building property in Amritsar, Punjab. The auction will commence on October 31, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this auction is ₹17,10,000, with an Earnest Money Deposit (EMD) of ₹1,71,000 required to participate. This is a significant opportunity to acquire a property through a transparent bank auction process.

This land and building in Amritsar presents a solid investment opportunity due to its favorable location and reasonable reserve price. The physical possession status adds to its appeal, making it a worthwhile consideration for potential buyers looking for property in a developing area. The auction terms are standard and relatively accessible.