298.5 sq yard Residential Plot for Auction in Gumtala Sub-urban , Abadi Ranjit Vihar, Loharka Road, Amritsar – BOI

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

298.5 sq yard (≈ 2,686 sq ft)

Reserve price / sq ft

₹1,674

Locality

Gumtala Sub-urban , Abadi Ranjit Vihar, Loharka Road

City

Amritsar

State

Punjab

Pincode

143001

Address

Gumtala Sub-urban , Abadi Ranjit Vihar, Loharka Road, Amritsar, Punjab, 143001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

ARB AMRITSAR

Auction type

SARFAESI Auction

Borrower

Kay E** T*****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 05:00 PM

EMD submission deadline

09 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

Mohit Garg

Officer contact

9999930463

E-auction portal

BAANKNET (Property ID BKIDAMR09092604)

Price Check

This listing's reserve price works out to ₹1,674 per sq ft. The average across residential bank auctions in Amritsar on our site is ₹2,732 per sq ft, so this one is 39% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKIDAMR09092604)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.