Land for auction 40 Ahmed. Butted, Maninagar, Ahmedabad by U GRO CAPITAL

This significant residential property offers an exceptional opportunity in the thriving Maninagar area of Ahmedabad, Gujarat. Located within the well-established "Chandulal Ni Chali" scheme, this municipal tenement, identified as No. 0256-29-0096-0002-F, presents a valuable asset for prospective homeowners or astute investors. The property encompasses a land area of approximately 57 Sq. Yards (or 47.87 Sq. Mtrs), complemented by existing construction on both the ground and first floors, each covering an equivalent area of 57 Sq. Yards. Its strategic location in Rakhiyal, Taluka Maninagar, a highly sought-after residential hub, ensures connectivity and access to essential amenities. The defined boundaries by Municipal Census numbers and an open road further affirm its precise location and accessibility. This offering represents a prime chance to acquire a tangible asset in a reputable residential locality, promising potential for appreciation and comfortable living.

Prospective buyers new to bank auctions should note the key details of this SARFAESI auction facilitated by U GRO CAPITAL LIMITED. The bidding process for this residential asset commences on February 17, 2025, at 11:00 AM, concluding sharply at 01:00 PM on the same day. A crucial prerequisite for participation is the submission of applications by February 14, 2025, at 05:00 PM. The property carries a Reserve Price of INR 69,255,001.00, and interested bidders are required to deposit an Earnest Money Deposit (EMD) of INR 6,925,500.00. This EMD is typically refundable for unsuccessful bidders and adjusted for the successful bidder. We strongly advise conducting thorough due diligence, including physical inspection of the property and verification of all associated documents, prior to the auction. For any specific queries or additional information, direct contact with the U GRO CAPITAL LIMITED Branch Manager is recommended to ensure a well-informed bidding decision.