Property for Auction in Amritsar, Amritsar, Punjab
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611035
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹10,72,000
EMD:₹1,07,200
Bid Increment:₹10,000
Auction Time:10:00 A.M. TO 05:00 P.M.
Service Provider:BAANKNET
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
This is a bank auction for a parcel of land located in Amritsar, Punjab. The property is being auctioned by Indian Bank under the SARFAESI Act. It is identified as a residential asset. The auction offers an opportunity to acquire land in the vibrant city of Amritsar. This is a direct sale from the bank, providing a clear title for the buyer. The property is situated in Amritsar city, offering potential for various development purposes or personal use.
State:Punjab
City:Amritsar
Area:Amritsar
Asset Category:Residential
Full Address:945/7-6, Area Amritsar Joura Katra Garbha Singh Devi Wali Gali Kucha Kahan Singh, Tehsil & District Amritsar, Amritsar Urban Joura, Amritsar
Size:77.50 Sq. Yds.
Indian Bank presents a SARFAESI auction for a land property in Amritsar, Punjab. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 05:00 PM on the same day. The reserve price for this residential land is INR 10,72,000, with an Earnest Money Deposit (EMD) of INR 1,07,200 required to participate. This is a prime opportunity to bid on a valuable piece of land in Amritsar. Ensure all pre-auction formalities are completed before the bidding period.
Borrower Name:M/s Rajan Medicine
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Sachin Sachdeva, Sh. Sandeep Sachdeva, Sh. Sachin Sachdeva, Sh. Sandeep Sachdeva, Smt. Shafali Sachdeva
Possession Status:Physical
Encumbrance Details:Not Known to Bank
The property is a residential plot in Amritsar, offered at a reasonable reserve price. While the location has potential, further due diligence is recommended. The auction terms are standard, presenting a calculated opportunity for local investors.
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Mr. Neel Griv
Contact no:9123740033