Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611696
Bank Name:Canara Bank
Branch Name:Recovery & Legal Section, Circle Office
Reserve Price:₹15,40,000
EMD:₹1,54,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2024-02-27
Property Description
This is a residential plot located in Verka, Amritsar, Punjab, offered for auction by Canara Bank. The property is being auctioned under the SARFAESI Act. It presents a potential opportunity for real estate investment or development in a well-established area.
State:Punjab
City:Amritsar
Area:Verka
Asset Category:Residential
Full Address:11, Plot Pvt. No. 11 Min, Total measuring 99.50 Sq Yds. bearing Khasra No. 93//7/2, 6/3 Min situated at Rakba, Village Verka, Hadbust No. 281, Tehsil and Distt., Verka, Amritsar
Size:99.50 Sq Yds
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Verka, Amritsar, Punjab. The auction will take place on November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price for this plot is ₹15,40,000, with an Earnest Money Deposit (EMD) of ₹1,54,000 required to participate. This is a prime opportunity to acquire property through a bank auction.
Borrower Name:Sh. Durga Prasad
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Verka, Amritsar presents a calculated opportunity. With a reasonable reserve price and established location, it offers potential for appreciation. However, further due diligence is recommended due to the symbolic possession status and limited information on encumbrances.
Contact Details
Branch:Branch Office : Recovery & Legal Section, Circle Office
Service Provider:BAANKNET
Contact Details:
Amit Kumar
Contact no:9876510281
