Land for auction Hazipur Phagwara 10 lakh Canara Bank

This auction features a valuable parcel of land located in Phagwara, Kapurthala, Punjab. The property is offered by Canara Bank under the SARFAESI Act, presenting a unique opportunity for investors and developers. The land is categorized as residential, ideal for building homes or for future development projects. Phagwara is a well-connected city in Punjab, known for its growing infrastructure and economic activity, making this plot a promising acquisition. The property is being auctioned due to the borrower, Mr. Ram Tirath, defaulting on his loan.

Canara Bank is conducting a SARFAESI auction for a prime piece of residential land in Phagwara, Kapurthala, Punjab. The auction will take place on November 20, 2025, commencing at 11:30 AM and concluding at 12:30 PM. The reserve price for this land is set at ₹10,25,000, with an Earnest Money Deposit (EMD) of ₹1,02,500 required to participate. This is a fantastic chance to acquire property in a developing region of Punjab. Interested bidders are advised to review all auction terms and conditions provided by Canara Bank prior to bidding.

The land in Phagwara offers a calculated opportunity given its location. The moderate reserve price and potential for appreciation merit consideration, though further due diligence is recommended to assess market demand.