Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610090
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹65,00,000
EMD:₹6,50,000
Bid Increment:₹1,00,000
Auction Time:11:00 A.M. to 1:00 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
This is a SARFAESI auction for a residential Land and Building property located in Shimla, Shimla, Himachal Pradesh. The property is being auctioned by Cholamandalam Investment And Finance Company Limited.
State:Himachal Pradesh
City:Shimla
Area:Shimla
Asset Category:Residential
Full Address:UM Mohal, Nav Bahar, Mohal Station Ward, Chota Shimla, Tehsil And District Shimla, Nav Bahar, Shimla
Size:98.43 sq. meters
Auction Description
Cholamandalam Investment And Finance Company Limited is conducting a SARFAESI auction for a residential Land and Building property in Shimla, Shimla, Himachal Pradesh. The auction is scheduled for December 9, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹65,00,000, with an Earnest Money Deposit (EMD) of ₹6,50,000. This is an excellent opportunity to acquire property in a prime location.
Borrower Name:GURDEEP SINGH GILL
Auction Type:SARFAESI Auction
Guarantor Names:BALPREET SINGH, SATINDER KAUR
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property presents a calculated opportunity due to its location in Shimla and its potential for redevelopment or use as a small commercial space. The reserve price is reasonable for the area, but prospective buyers should conduct thorough due diligence regarding the land's encumbrances and future appreciation potential. Auction terms seem standard, warranting careful consideration.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:Public Auction
Contact Details:
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