Land for auction 470 Hect situated at Villa, Kashipur, Udham Singh Nagar by Debts Recov...

This is a significant opportunity to acquire a prime parcel of residential land located in the strategically important area of Kashipur, Udham Singh Nagar, Uttarakhand. The property, identified by Khasra No. 470 Min (0.077 Hectares) and Khasra No. 472 Min (0.099 Hectares), totals an expansive 0.176 Hectares (approximately 1760 square meters). Situated in Village Banskhera Khurd, Tehsil Kashipur, its boundaries are clearly defined, featuring direct frontage on Aliganj Road to the East, alongside agricultural land to the West, and adjacent to properties owned by Mohammad Vaseem (North) and Ramesh Chandra Bohra (South). This excellent location offers accessibility and potential for future appreciation, making it an ideal canvas for developing a residential project or for long-term land banking. Its "Residential" asset category further enhances its appeal for those looking to build their dream home or invest in a rapidly developing region.

This particular property is being offered through a Debts Recovery Tribunal (DRT) Auction, a transparent and secure process for acquiring distressed assets. Prospective buyers should note the Reserve Price of INR 1,58,00,000.00 (One Crore Fifty-Eight Lakhs) and the mandatory Earnest Money Deposit (EMD) of INR 15,80,000.00 (Fifteen Lakhs Eighty Thousand), which is 10% of the reserve price. The online bidding will commence on February 20, 2025, at 11:00 AM and conclude on the same day at 12:00 PM. All necessary application submissions must be completed by February 19, 2025, at 05:00 PM. Managed by drt.auctiontiger.net, interested parties are strongly encouraged to conduct thorough due diligence and reach out to the provided contact number (9536582435) for any clarifications well in advance of the deadlines. Understanding these crucial dates and financial requirements is paramount for a successful participation in this bank auction.