Plot for auction 1 Vakia Rakba Nangli Abadi Dalip Avenue, Nangli, Amritsar by Shubham H...

This offering is for a residential plot of 1012 sq.ft., identified as Plot Pvt No.1, Khasra No.55/17 Min, within the Vakia Rakba Nangli Abadi Dalip Avenue, Nangli, Amritsar, Punjab. Strategically positioned near Chand Avenue, the plot is well-defined by its surroundings: a gali on the east, and other properties forming its western, northern, and southern boundaries. This configuration suggests a plot within a structured or developing locality, potentially offering convenient access and surrounding infrastructure. Amritsar, a major city in Punjab known for its historical significance and growing commercial landscape, provides a robust economic backdrop for property investment. The property falls under the Amritsar-2 Tehsil and District Amritsar. As a residential plot, it holds considerable potential for building a home or for future development, catering to the increasing demand for housing in the region. The proximity to other properties indicates an established or emerging neighbourhood, which can be advantageous for future resale or rental income. This is a solid opportunity for buyers looking to secure a land asset in a culturally vibrant and economically active city.

This auction presents a prime opportunity to acquire a residential plot located in the developing area of Nangli, Amritsar, Punjab. Situated at Plot Pvt No.1, Khasra No.55/17 Min, within the Vakia Rakba Nangli Abadi Dalip Avenue, near Chand Avenue, this property spans 1012 sq.ft. Its boundaries are defined by a gali to the east, other properties to the west and north, and also other properties to the south, suggesting potential for integration within an existing community or development. The property's location in Amritsar, a city rich in cultural heritage and economic activity, offers significant long-term appreciation potential. The reserve price is set at INR 26,58,432, with an Earnest Money Deposit (EMD) of INR 2,65,843 required to participate. This SARFAESI auction, conducted by Shubham Housing Development Finance Co Ltd, is scheduled for July 31, 2025, with bidding open from 10:00 AM to 4:00 PM. Interested buyers must submit their applications by July 30, 2025, 4:00 PM. This is an ideal chance for new investors to enter the real estate market through a transparent and regulated process.