Plot for auction 4 Nilgiri Tarrace, Jetalpur, Vadodara by IDFC First Bank Ltd

This exceptional offering presents a prime non-agricultural plot of land, ideally situated in the rapidly developing area of Jetalpur, Vadodara, Gujarat. This strategic location within the "Nilgiri Tarrace" benefits from excellent connectivity, providing an appealing proposition for both immediate development and long-term investment. The plot boasts a substantial area of 156.13 square meters, translating to approximately 1680 square feet, offering ample space for constructing a bespoke residential dwelling or for a strategic commercial venture, subject to local regulations. Its clearly defined boundaries, including access to Society Road and proximity to Gotri Road, further enhance its accessibility and future value. Given Vadodara's dynamic growth trajectory, this land parcel represents a significant opportunity to acquire a tangible asset in a reputable and appreciating locality, making it an ideal choice for new buyers looking to capitalize on the stability and potential of real estate bank auctions.

This property is being presented for auction by IDFC First Bank Ltd under the SARFAESI Act, ensuring a streamlined and legally sound acquisition pathway for new buyers. The electronic auction is scheduled for March 20, 2025, with bidding commencing at 11:00 AM and concluding promptly at 01:00 PM. A mandatory Earnest Money Deposit (EMD) of Rs. 721,224.00 is required to participate, which is 10% of the competitive Reserve Price set at Rs. 7,212,240.00. Prospective bidders must ensure their applications are submitted by 05:00 PM on March 19, 2025. This allows sufficient time for preparation and due diligence, which is highly advisable before the auction. Bank auctions often present opportunities for acquiring properties at attractive valuations. For any clarifications or detailed guidance on the bidding process, interested parties are strongly encouraged to reach out to the dedicated contacts: Satyendra Maurya at 8306001848 or Chinmay Acharya at 9574448844.