Land for auction 403 Regent Garment & Apparel Park, Barasat, North 24 Parganas by Axis

Presenting a remarkable opportunity, this expansive unit, designated as Unit No 403 on the fourth floor of Block 3, offers a substantial 6016 sqft (super built-up area) within the "Regent Garment & Apparel Park". Strategically situated on Jessore Road (East) in Barasat, North 24 Parganas, West Bengal, the property benefits from excellent arterial connectivity and proximity to local amenities. While the asset category is noted as 'Residential', the vast dimensions and location within a commercial park framework suggest immense versatility, potentially serving as a grand residence, a substantial office space, or a flexible live-work unit, contingent upon regulatory compliance. The acquisition includes a proportionate undivided share of land and access to common building facilities, enhancing its long-term appeal. Buyers can proceed with confidence, as Axis Bank has reported no known encumbrances. This unit represents a compelling investment for discerning individuals or businesses seeking a generously sized property in a strategically important and accessible locale, promising significant functional value and potential capital appreciation.

Prospective buyers keen on capitalising on bank auction opportunities should note the critical details for this Axis Bank offering. This SARFAESI auction presents a transparent and competitive pathway to property acquisition. The property, identified as a Land and Building asset, has a Reserve Price of INR 1,74,00,000.00. An Earnest Money Deposit (EMD) of INR 17,40,000.00 is required to participate, which is typically 10% of the reserve price and refundable to non-successful bidders. The online auction is scheduled for July 23, 2025, commencing at 11:30 AM and concluding promptly at 12:30 PM. It is imperative that all applications and EMDs are submitted by July 22, 2025, 03:00 PM. New buyers are strongly advised to conduct thorough due diligence, including property inspection and legal consultation, prior to bidding. All auction activities will be facilitated via drt.auctiontiger.net, and for any clarifications, interested parties may contact the bank at 03366272035 or 9830959995. This is a streamlined process designed for serious bidders.