Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613185
Bank Name:Union Bank of India
Branch Name:STRESSED ASSET MANAGEMENT BRANCH
Reserve Price:₹14,50,00,000
EMD:₹1,45,00,000
Bid Increment:₹15,00,000
Auction Time:12:00 Noon to 5:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a prime land parcel located in the heart of New Delhi, New Delhi. As a residential asset, this land offers significant potential for development in a highly sought-after area. Situated within the bustling capital city, it represents a valuable opportunity for investors and developers alike.
State:Delhi
City:New Delhi
Area:New Delhi
Asset Category:Residential
Full Address:Plot No. 11 & 12, Khasra no-675/153,676/153, 677/154 and 678/154 (Plot No. 11 & 12 as per MCD Partition Plan), situated in the abadi of Gur Ki Mandi, Opposite C.C. Colony in the area and revenue Village Rajpur Chawani, Rajpur Chawani, New Delhi
Size:1169.50 Sq. Yds.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a valuable land asset in New Delhi, New Delhi. The auction, originally belonging to M/s Vedika Nut Craft Private Limited, has a reserve price of ₹14,50,00,000 and an Earnest Money Deposit (EMD) of ₹1,45,00,000. The auction will take place on November 28, 2025, starting at 12:00 PM and concluding at 5:00 PM. This is a unique opportunity to acquire a significant piece of real estate in a prime location.
Borrower Name:M/s Vedika Nut Craft Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Anurag Garg, Ritu Garg, Akresh Garg, Manjulata Garg, Salasardham Technobuild Private Limited, Nut Craft Expo Private Limited, AR Com Private Limited
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in New Delhi and substantial size make it an attractive investment. While the reserve price is high, the land's development potential and physical possession status justify a 'Strong Buy' recommendation. Auction terms seem standard, further supporting its investment viability.
Contact Details
Branch:Branch Office : STRESSED ASSET MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Uma Sharma
Contact no:7892998700
