Land for auction 261 B-XXX-3790 Sherpur, Ludhiana by BOI

This exceptional residential land and building, spanning a substantial 261 square yards, presents a prime opportunity for aspiring homeowners or astute investors in Ludhiana, Punjab. Strategically located within Sherpur Kalan, specifically in Hargobindpura, and benefiting from excellent accessibility via inner roads directly from the prominent GT Road, this property combines unparalleled convenience with significant growth potential. Its advantageous position within Tehsil & District Ludhiana ensures proximity to essential amenities, reputable educational institutions, and bustling commercial hubs, making it an ideal choice for establishing a comfortable family home or developing a valuable asset. The generous plot size allows for versatile architectural design possibilities, promising ample space for comfortable living or future expansion tailored to individual needs. This offering represents a unique chance to acquire a significant piece of real estate in a well-regarded and continuously developing urban area, promising both immediate utility and substantial long-term appreciation in one of the region's key cities.

This significant residential property is being offered through a SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) auction, conducted by the Bank of India. This type of auction ensures a transparent and legally robust acquisition process for new buyers. Prospective participants should note the Reserve Price set at INR 6,000,000.00; bids below this amount will not be considered. A mandatory Earnest Money Deposit (EMD) of INR 600,000.00, typically 10% of the reserve price, is required to qualify for bidding. The e-auction is scheduled for February 15, 2025, from 11:00 AM to 05:00 PM. Critically, the deadline for submitting applications is February 14, 2025, by 05:00 PM. It is highly advisable to conduct thorough due diligence and contact Mr. Indera Jeet Sevta at 01615008544 or 8847555748 for clarifications and assistance with the bidding process, which is facilitated by BAANKNET.