Plot for auction Varpal Amritsar 19 lakh ICICI Bank

This is a residential plot located in Amritsar, Punjab, offered for auction by ICICI Bank. The property is being auctioned under the SARFAESI Act. It presents an excellent opportunity for investment or development in a prime location within Amritsar city. The plot is part of a SARFAESI auction, indicating a clear title and a transparent transaction process. This is a straightforward plot, ideal for buyers looking to construct their dream home or for real estate development purposes.

ICICI Bank is conducting a SARFAESI auction for a residential plot in Amritsar, Punjab. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this plot is ₹18,50,000, with an Earnest Money Deposit (EMD) of ₹1,85,000 required to participate. This is a single-day auction event, offering a swift and decisive transaction for interested bidders. Ensure all documentation and payment for EMD are completed prior to the auction start time.

The property presents a decent opportunity due to its location in Amritsar and the relative affordability. However, further due diligence is needed regarding the area's development plans and potential ROI. The auction terms are standard, making it a calculated risk for interested buyers.