1,748 sq ft Factory for Auction in Preet Nagar, Street Opp. The Corporate Hospital , Batala Road, Tehsil & Dist. Amritsar, Amritsar – BOI

Property Details

Property type

Factory (Industrial)

Possession

Physical Possession

Area

1,748 sq ft (≈ 1,748 sq ft)

Reserve price / sq ft

₹15,978

Locality

Preet Nagar, Street Opp. The Corporate Hospital , Batala Road, Tehsil & Dist. Amritsar

City

Amritsar

State

Punjab

Pincode

143001

Address

Preet nagar, Street Opp. The Corporate Hospital , Batala Road, Tehsil & Dist. 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

M/s E** E** E*****

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 BKIDAMR2506202502)

Price Check

This listing's reserve price works out to ₹15,978 per sq ft. The average across industrial bank auctions in Amritsar on our site is ₹8,650 per sq ft, so this one is 85% above 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 BKIDAMR2506202502)), 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.