Plot for auction 1 Sub-Urban Abadi Sahibzada Fateh Singh Na Bhagtanwala Amritsar by Canara

Discover a promising residential plot in the vibrant city of Amritsar, specifically located in Bhagtanwala. This property, measuring 50 square yards, is situated at Plot No. 1 Min, within Sahibzada Fateh Singh Nagar, Gali No. 05. The plot is part of Khasra No. 25//22/1Min and is bordered by property owners on the north and south, other properties to the east, and a 18ft wide gali (lane) to the west, ensuring accessibility. Amritsar, a city rich in culture and economic activity, provides a dynamic backdrop for this investment. As a residential plot, it holds excellent potential for building a home or for future real estate appreciation. This asset, previously belonging to Ms. Veena, is being auctioned by Canara Bank, presenting a unique chance for aspiring homeowners and investors to secure a foothold in a growing urban area. The location benefits from its proximity to essential city amenities and transportation networks, further enhancing its appeal.

This auction presents a compelling opportunity to acquire a residential plot in the developing area of Bhagtanwala, Amritsar, Punjab. The property, identified as Plot No. 1 Min, spans 50 square yards and is situated in Sahibzada Fateh Singh Nagar, Gali No. 05. Its strategic location within Amritsar offers potential for future growth and development, making it an attractive prospect for new buyers looking to enter the real estate market. The auction process is conducted under the SARFAESI Act by Canara Bank, with a reserve price set at INR 8,78,000 and an Earnest Money Deposit (EMD) of INR 88,000. Prospective bidders are advised to carefully review the sale notice for detailed terms and conditions, which is available via the provided URL. The auction will take place online, with a clear bidding window from July 31, 2025, between 11:30 AM and 12:30 PM. Ensure all application submissions are completed by July 30, 2025, 5:00 PM. For further inquiries, contact the Recovery & Legal Section branch.