Land for auction 7 Abadi Gokal Nagar, Tungbala, Amritsar by Canara

Situated in the growing locale of Tungbala Urban, Amritsar, this property offers a unique investment prospect within Punjab's vibrant economic landscape. The asset comprises a plot of land with an existing building, covering a total area of 50 square yards. Its precise boundaries are defined as adjacent to a gali (lane) on the East, owned by Narinder Bhalla & LRs Ramesh Kumar on the West, Plot No. 7 on the North, and Plot No. 5 on the South. The property is identified by Khasra No. 435 Min Old and Khasra No. 1537/431-435 min, located in Village Tung Bala, Sub-Urban, Abadi Gokal Nagar, within the Tehsil and District of Amritsar. This strategic location in Amritsar provides access to essential amenities and potential for future growth, making it an attractive option for individuals looking to establish a presence in a developing urban area.

This SARFAESI auction, conducted by Canara Bank, presents a prime opportunity to acquire a residential property in the developing Tungbala Urban area of Amritsar, Punjab. The auction is scheduled to commence on July 31, 2025, with bidding open from 11:30 AM to 12:30 PM. A crucial deadline for application submission is July 30, 2025, by 5:00 PM, so interested parties must act swiftly. The reserve price for this asset is set at ₹1,665,000, with an Earnest Money Deposit (EMD) of ₹166,000 required to participate. This event is managed through BAANKNET, a reputable service provider in the auction space. For any queries or further details regarding the bidding process or the property itself, prospective buyers are encouraged to contact the Recovery & Legal Section at the Amritsar Circle Office, specifically Sh. Anurag Mehra at 9878006036 or 8195950061. Detailed sale notices are also available for review.