House for auction Maruthi Nagar, Shaikpet, Hyderabad by Canara

Discover a compelling investment in Shaikpet, Hyderabad, featuring a spacious residential house with a significant built-up area of 9901.40 sq.ft. This property, situated on 344.50 sq.yards of land across Sy.nos 329, 338, 341, 343, and 344, comprises a ground floor with two commercial shops, complemented by three upper floors, offering versatile usage possibilities. Its prime location at Maruthi Nagar, Shaikpet village and Mandal, Hyderabad, marked by premises no. 8-1-136/A/132, provides excellent connectivity and proximity to essential amenities. The property is strategically bounded by neighbours' property to the north and roads on the south, east, and west, ensuring open access and visibility. This asset category is residential, presenting an ideal scenario for developers or end-users looking to capitalize on Hyderabad's burgeoning real estate market. The property's configuration suggests significant potential for rental income generation or a substantial family residence. Being part of a bank auction, it offers a transparent process for acquiring property.

This SARFAESI auction presents a unique opportunity to acquire a substantial residential property located in the well-connected Shaikpet area of Hyderabad. The auction is being conducted by Canara Bank, with the bidding process managed by BAANKNET. The property, a house with ground plus three upper floors and two ground-floor shops, boasts a considerable built-up area of 9901.40 sq.ft. The land parcel measures 344.50 sq.yards, offering ample space and potential for future development or personal use. Situated in Maruthi Nagar, Shaikpet, the property benefits from its strategic location, surrounded by neighbors' property to the north and roads on the south, east, and west, ensuring excellent accessibility. The auction has a reserve price of ₹3,73,00,000, with an Earnest Money Deposit (EMD) of ₹37,30,000 required to participate. Interested buyers are advised to submit their applications by 5:00 PM on February 11, 2025. The auction will commence on February 12, 2025, at 11:30 AM and conclude at 12:30 PM. For further inquiries, contact numbers 9848174804 and 9963737045 are available.