Flat for auction 301A KASIKHANA, Lashkar, Gwalior by Cholamandalam Investment

Prospective homebuyers and astute investors seeking a strategic acquisition in Gwalior will find this offering particularly compelling. Located in the well-established Lashkar area, specifically within the prominent Ratangiri Apartment building, this auction presents a unique opportunity to acquire not one, but two distinct residential flats on the third floor. Flat No. 301A, boasting a spacious 33.50 sq.m, and Flat No. 301B, at 25.49 sq.m, offer versatile living arrangements. This dual-unit configuration is ideal for a growing family needing separate spaces, or for an investor looking to capitalize on rental income from one unit while residing in the other. The Kasikhana, Chiteraoli locality in Lashkar is renowned for its convenient access to essential amenities, educational institutions, and key city infrastructure, making it a highly desirable and promising residential enclave for long-term appreciation and comfortable living. Its inherent value as two separate units under a single offering further enhances its investment potential.

For new entrants navigating the bank auction market, understanding the procedural nuances is paramount. This compelling property is being offered by Cholamandalam Investment And Finance Company Limited through a SARFAESI auction, a process renowned for providing purchasers with clear, encumbrance-free titles, minimizing post-auction complexities. The attractive reserve price for these two flats is set at INR 2,880,000.00, necessitating an Earnest Money Deposit (EMD) of INR 288,000.00, which is fully refundable to unsuccessful bidders. The e-auction is scheduled for March 20, 2025, from 11:00 AM to 01:00 PM, with the crucial application and EMD submission deadline on March 19, 2025, by 05:00 PM. Prospective buyers are strongly encouraged to conduct comprehensive due diligence, including physical inspection of the property and thorough legal verification, before participating. For any clarifications or assistance, please contact Mr. Rahees at 8124000030 or Mrs. Virali at 6374845616, ensuring a well-informed and confident bidding experience.