Land for auction 1 Tehsil Baddi, Baddi, Solan by The Baghat Urban Co-Op Ba

Nestled in the thriving industrial hub of Baddi, within the picturesque district of Solan, Himachal Pradesh, this property offers a substantial land parcel identified by Khata/Khatauni No. 40/43 min and Khasra No 255/2/1, 257/2/1. Spanning an area of 1 Bigha in Mauza Malpur, Hadbast No. 189, this location benefits from its strategic position in a region known for its robust industrial growth and economic activity. The property is categorized as 'Residential' and is described as 'Land And Building', suggesting potential for both development and existing structures. Baddi is a key manufacturing zone, offering excellent connectivity and infrastructure, making this an attractive proposition for investors seeking to capitalize on real estate appreciation in a developing area. The proximity to essential services and the scenic beauty of Himachal Pradesh add to its overall appeal, presenting a unique chance to own a valuable asset in a sought-after location.

This presents a valuable opportunity to acquire a significant land and building asset through a SARFAESI auction conducted by The Baghat Urban Co-Op Bank Ltd. The auction is scheduled to take place on February 20, 2025, with bidding open between 11:00 AM and 12:00 PM. A key requirement for participation is the submission of applications by 5:00 PM on February 19, 2025. The earnest money deposit (EMD) required is INR 70,59,100, which constitutes 10% of the reserve price of INR 7,05,91,000. Prospective buyers should be aware that this is a public auction, and all terms and conditions stipulated by the bank and governing regulations will apply. It is highly recommended to thoroughly review all auction-related documents, conduct independent due diligence on the property, and understand the legal framework governing SARFAESI auctions before submitting any bids to ensure a smooth and informed purchasing process.