Land for auction 7 Keshav Dutt, East: Open Jhansi, Gwalior by BOI

This offering presents a significant opportunity for new property buyers to acquire a substantial residential land and building in the burgeoning area of Jhansi Road, Gwalior, Madhya Pradesh. Located at M.H. No. 3/1041, Ward no-07, Jaganpura Hathipur, Jhanshi Ganj, and notably near Haryana Bidi Udyog, this property benefits from a well-established neighborhood. The plot size of 323.23 sq.m offers ample space for a comfortable family residence or potential redevelopment, depending on local regulations and buyer objectives. Its strategic location within Ward No. 7, Gwalior, suggests proximity to essential amenities and local infrastructure, making it an attractive prospect for long-term living. The described boundaries, including proximity to a temple, neighboring houses, and government land/gali, provide clear demarcation and context, reinforcing its residential character. This property represents a tangible asset with considerable potential for appreciation in a city like Gwalior, known for its historical significance and growing urban landscape.

Prospective buyers keen on entering the bank auction market should note the key details for this Union Bank of India SARFAESI auction. The property is available at a competitive Reserve Price of INR 40,00,000.00. A refundable Earnest Money Deposit (EMD) of INR 4,00,000.00 is required to participate, demonstrating a serious interest in the acquisition. The e-auction is scheduled for a single day, commencing on February 14, 2025, at 12:00 PM and concluding at 05:00 PM. It is crucial for interested parties to submit their applications and EMD well in advance, with the deadline for submission being February 13, 2025, at 05:00 PM. The auction is facilitated by BAANKNET, a reputable service provider, ensuring a transparent and structured bidding process. For any further inquiries or assistance regarding the auction procedures, prospective bidders are advised to contact Mr. BABA SHANKAR PAWAR at 9096063261 through the bank's Regional Office in Jabalpur. This is a streamlined opportunity to acquire property directly from a bank, often at favorable terms.