Property for Auction in Mauza Galahan, Solan, Himachal Pradesh
Recommendation:Strong BuyScore: 7.5
Auction ID:612222
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - Shimla
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Bid Increment:₹50,000
Auction Time:11:00 HRS. TO 16:00 HRS.
Service Provider:BAANKNET
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-26
State Bank of India presents a unique auction opportunity for a Commercial Building located in Mauza Galahan, Solan, Himachal Pradesh. This property, formerly belonging to M/s Dynamic Sales, is ideal for business ventures seeking a prime location in Solan. The building is offered under the SARFAESI Act, ensuring a transparent and secure transaction process. Situated in a developing area, this commercial asset holds significant potential for investors and business owners.
State:Himachal Pradesh
City:Solan
Area:Mauza Galahan
Asset Category:Commercial
Full Address:Juna Ji Road, Mauza Galahan, Solan
Size:14 Biswas
Seize the chance to acquire a Commercial Building through a SARFAESI auction conducted by the State Bank of India. The auction will take place on November 25, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹1,00,00,000, with an Earnest Money Deposit (EMD) of ₹10,00,000 required to participate. This is a direct opportunity to invest in a commercial property in the growing city of Solan.
Borrower Name:M/s Dynamic Sales
Auction Type:SARFAESI Auction
Guarantor Names:Sh. Raj Kumar Mittal, Sh. Ashok Ahluwalia, Sh. Sanjay Kumar Mittal, Smt. Sunita Mittal, Smt. Vasudha Ahluwalia
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Located in Solan, Himachal Pradesh, this commercial building offers a good investment opportunity given its commercial-cum-residential potential and location. The property's reserve price and EMD are reasonable, and the location adds to its appeal. A strong buy recommendation is justified by its potential for rental income and future appreciation.
Branch:Branch Office : Stressed Asset Recovery Branch - Shimla
Service Provider:BAANKNET
Contact Details:
Contact no:82199-96108