Commercial Building for auction Mauza Galahan Solan 1 Cr State Bank of India

Property for Auction in Mauza Galahan, Solan, Himachal Pradesh

Recommendation
Strong BuyScore: 7.5
Possession
Physical
Size
14 Biswas
Reserve Price
1,00,00,000
Reserve Price
1,00,00,000
EMD Required
10,00,000
Property Specifications
Size14 Biswas
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Building
Location IconLocation:
Mauza Galahan, Solan
Auction Date IconAuction Date:
25-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:24-11-2025 05:00 PM

Bid Start Date:2025-11-26

Property Description

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

Auction Description

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

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : Stressed Asset Recovery Branch - Shimla

Service Provider:BAANKNET

Contact Details:

Contact no:82199-96108

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