Land for auction Gandhi Nagar (J) Jammu 16 lakh Canara Bank

This is a prime piece of land located in the well-developed Gandhi Nagar (J) area of Jammu, Jammu and Kashmir. The property is categorized as residential, offering a great opportunity for building your dream home or for investment purposes. Situated in a sought-after locality, this land parcel presents a compelling proposition for developers and individual buyers alike. Its accessibility and the surrounding infrastructure make it an attractive asset.

Canara Bank is conducting a SARFAESI auction for a residential land parcel in Gandhi Nagar (J), Jammu. The auction has a reserve price of INR 16,07,350 and an Earnest Money Deposit (EMD) of INR 1,60,735. The auction will take place on 20-11-2025, with bidding open from 11:30 AM to 12:30 PM. This is a unique chance to acquire valuable land in Jammu through a transparent bank auction process. Interested parties are encouraged to participate.

The property is land located in an industrial area, presenting a moderate investment opportunity. The reserve price seems reasonable, but further due diligence is necessary to assess potential encumbrances and market demand. Given the symbolic possession, potential buyers should carefully evaluate the risks and benefits before investing.