Land for auction Faridkot Faridkot 10 lakh Canara Bank

This auction features a valuable plot of land located in the heart of Faridkot, Punjab. Situated in a well-established area, this residential land offers a prime opportunity for development or investment. The property is being auctioned by Canara Bank under the SARFAESI Act, presenting a clear title and a straightforward transaction process. Its location in Faridkot ensures accessibility and potential for future appreciation. Ideal for those seeking to acquire land in a developing region of Punjab.

Canara Bank is pleased to announce a SARFAESI auction for a prime plot of land in Faridkot, Punjab. The auction will commence on November 20, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price for this land is set at ₹9,72,000, with an Earnest Money Deposit (EMD) of ₹97,200 required to participate. This is a significant opportunity to acquire a valuable asset directly from the bank. Interested bidders are encouraged to review all auction terms and conditions prior to bidding.

The property is a land parcel in Faridkot, presenting a calculated opportunity. The reserve price seems reasonable, but due diligence regarding local market conditions and potential encumbrances is crucial before bidding. The location near the railway crossing might offer future development potential.