Plot for auction BEARING COSTRUCTION THEREON Pipliya, Indore by HDB Financial Services Li

This exceptional residential plot, featuring existing construction, offers a remarkable opportunity for new property buyers keen on expanding their portfolio in the vibrant city of Indore. Spanning a generous 1800 sq.ft., the property is strategically situated within Gulab Bag Colony, Pipliya Kumar, a well-regarded area known for its residential appeal and connectivity. The plot's clearly defined boundaries, including direct road access on both its South and West sides, significantly enhance its desirability and future development potential. As a 'mortgage property' offered through a secure bank auction, it presents a unique chance to acquire a valuable asset at a competitive price, ideal for building a dream home or a profitable investment. Its location in Indore, a rapidly developing urban center in Madhya Pradesh, assures long-term appreciation and convenient access to essential amenities, making this property a cornerstone for any discerning buyer's real estate ambitions.

Prospective buyers are invited to participate in a transparent SARFAESI Act auction conducted by HDB Financial Services Limited, offering a secure and regulated pathway to property acquisition. The auction for this specific plot is scheduled for February 14, 2025, commencing at 10:30 AM and concluding at 04:00 PM. A competitive reserve price of INR 14,155,992.00 has been set, requiring an Earnest Money Deposit (EMD) of INR 1,415,600.00 to qualify for bidding. It is crucial for interested parties to submit their applications by 05:00 PM on February 13, 2025. The auction process is facilitated by disposalhub.com. For comprehensive details and clarification, potential bidders are strongly encouraged to contact the authorized officers: Mr. Shyam Telang at 9970061659, Mr. Surendra Sharma at 9171491111, or Mr. Sunil Vistrwakarma at 8800375505. Thorough due diligence, including property inspection and legal verification, is highly recommended before participating.