Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613096
Bank Name:ICICI Bank
Branch Name:Vadodara
Reserve Price:₹86,00,00,000
EMD:₹8,60,00,000
Bid Increment:₹25,00,000
Auction Time:12 noon to 2:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-15
Property Description
An exceptional commercial property located in the prime area of Rajarhat, Kolkata, West Bengal. This asset, previously associated with Gitanjali Gems Limited, offers a significant opportunity for investment in a rapidly developing urban hub. Its strategic location in Rajarhat provides excellent connectivity and access to key business districts, making it ideal for various commercial ventures. The property is categorized as commercial, suitable for a wide range of business applications.
State:West Bengal
City:Kolkata
Area:Rajarhat
Asset Category:Commercial
Full Address:Axis, Mouza-Thakdari, J.L. No. 19, Dag nos. 101(P), 102 (P), 103(P), 106(P), 107(P), 108(P), 109(P), 111(P), 113(P), 114(P), 121(P), 104, 105 and 112, P.S. Rajarhat, Plot No. CF-9, Action Area-1C, New Town, Rajarhat, Kolkata
Building/Society:Axis
Size:80700 sq ft
Auction Description
ICICI Bank is conducting a SARFAESI auction for a valuable commercial property in Rajarhat, Kolkata. The auction will commence on December 15, 2025, at 12:00 PM and conclude at 02:00 PM on the same day. The reserve price for this asset is INR 86,00,00,000.00, with an Earnest Money Deposit (EMD) of INR 8,60,00,000.00 required to participate. This is a prime opportunity to acquire a substantial commercial asset in a high-growth region of West Bengal.
Borrower Name:Gitanjali Gems Limited
Auction Type:SARFAESI Auction
Guarantor Names:Gitanjali Infratech Ltd
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in the rapidly developing Rajarhat area of Kolkata, this large commercial space offers significant investment potential. The property's substantial size and location make it attractive, but potential buyers should carefully evaluate the high reserve price and conduct thorough due diligence. Given its strong location and commercial potential, it's categorized as a 'Strong Buy' for informed investors.
Contact Details
Branch:Branch Office : Vadodara
Service Provider:Public Auction
Contact Details:
Amit Roy
Contact no:7304905620
