Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609595
Bank Name:South Indian Bank
Branch Name:Regional Office : New Delhi
Reserve Price:₹2,00,00,000
EMD:₹20,00,000
Bid Increment:₹10,000
Auction Time:01:00 PM to 01:30 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
A valuable plot of land located in the well-established area of Shahdara, New Delhi. This residential land offers a prime opportunity for development in a key urban location. Situated in the capital city, it benefits from excellent connectivity and access to urban amenities. The property is being auctioned by South Indian Bank.
State:Delhi
City:New Delhi
Area:Shahdara
Asset Category:Residential
Full Address:MPL 783/18-A/5 (old), New No. IX/7172, Gaur Nanak Gali, Gandhi Nagar, Village Seelampur, Illaqa Shahdara, Delhi 110 031, Shahdara, New Delhi
Size:50 sq. yards
Auction Description
South Indian Bank is conducting a SARFAESI auction for a land parcel in Shahdara, New Delhi. The auction has a reserve price of ₹2,00,00,000 and requires an EMD of ₹20,00,000. Bidding will take place online on November 14, 2025, between 11:00 AM and 11:30 AM. This is a significant opportunity to acquire land in a sought-after Delhi locality. The auction is being held due to the borrower, Late Mr. Ramesh Kumar, defaulting on obligations.
Borrower Name:Late Mr.Ramesh Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Savita Dawar, Mr. Vinay Dawar, Mr. Nitin Dawar, Mrs.Shivani Kochar, Mr. Rakesh Kumar, Mr. Suresh Kumar
Legal Details
Encumbrance Details:Nil/Encumbrances from 01.01.2018 to 22.11.2022
Why This Property
The property is located in a developing area of New Delhi, offering a potential investment opportunity. The reserve price and EMD are significant, suggesting a reasonable market value. However, further due diligence is advised to understand local market dynamics before bidding.
Contact Details
Branch:Branch Office : Regional Office : New Delhi
Service Provider:bankauctions.in
Contact Details:
Contact no:9818-772-322
