Flat for auction 31 Out Of Khasra No 70 Revenue Estate Of Vi, Uttam, New Delhi by Shubh...

This offering presents a compelling opportunity to acquire a residential flat located on the second floor, without associated roof terrace rights, in the well-established area of Uttam Nagar, New Delhi. Situated within the Q-Block of Vikas Nagar, this property is part of a built-up structure bearing the number Q-31, originating from Khasra No. 70 in the revenue estate of Village Bindapur Colony. Uttam Nagar is a dynamic locality known for its robust infrastructure, connectivity, and burgeoning residential development. It benefits from proximity to essential services, educational institutions, healthcare facilities, and commercial hubs, making it an attractive location for homeowners. The property's designation as a flat indicates a self-contained living unit, likely offering a comfortable and modern lifestyle. Given its placement in a sought-after New Delhi locale, this property holds significant potential for capital appreciation and rental yield, making it an attractive prospect for both end-users and astute investors looking for value in the Delhi real estate market.

This property will be auctioned under the SARFAESI Act by Shubham Housing Development Finance Co Ltd, a process designed to efficiently resolve defaulted loans. The auction is scheduled for July 31, 2025, with bidding open from 10:00 AM to 4:00 PM. To participate, interested buyers must submit their application by July 30, 2025, 4:00 PM. A crucial requirement is the Earnest Money Deposit (EMD) of ₹144,000, which signifies your commitment to the bidding process and is typically refundable if you are not the winning bidder. The reserve price for this unique opportunity is set at ₹1,440,000, providing a clear starting point for competitive bidding. For any queries or further clarification regarding the auction or the property, potential buyers can reach out to Mr. Virendra Mishra at 7897883222. Understanding these procedural steps and financial commitments is vital for a smooth and successful auction experience.