Plot for auction Karol Bagh New Delhi 3 Cr Punjab National Bank

Property for Auction in Karol Bagh, New Delhi, Delhi

Recommendation
Strong BuyScore: 7.8
Reserve Price
2,50,00,000
Reserve Price
2,50,00,000
EMD Required
25,00,000
Property Specifications
Unit No.8/6473
Auction TypeDRT Auction
Property Type IconProperty Type:
Plot
Location IconLocation:
Karol Bagh, New Delhi
Auction Date IconAuction Date:
05-12-2025 03:00 PM

Auction Details

Recommendation:Strong BuyScore: 7.8

Auction ID:609471

Bank Name:Debts Recovery Tribunal

Branch Name:New Delhi

Reserve Price:2,50,00,000

EMD:25,00,000

Bid Increment:1,00,000

Auction Time:03:00 PM to 04:00 PM

Service Provider:Public Auction

Important Dates

Submission Date:2025-12-03

Bid Start Date:2025-12-05

Property Description

Discover a prime investment opportunity in the heart of New Delhi! This plot, located in the highly sought-after Karol Bagh area, is being auctioned by the Debts Recovery Tribunal. Benefiting from a central location in the capital city, this property offers excellent connectivity and potential for development. Karol Bagh is a well-established commercial and residential hub, ensuring high demand and value. Don't miss the chance to acquire a valuable asset in a prestigious address.

State:Delhi

City:New Delhi

Area:Karol Bagh

Asset Category:Residential

Full Address:8/6473, 8/6473, Dev Nagar, Karol Bagh, New Delhi-110005, Karol Bagh, New Delhi

Auction Description

This is a Debts Recovery Tribunal (DRT) auction for a residential plot in Karol Bagh, New Delhi. The auction is for the recovery of debts from M/s Luxurian Fabrics. The bidding starts with a reserve price of INR 2,50,00,000, with an Earnest Money Deposit (EMD) of INR 25,00,000 required to participate. The auction will be conducted online on December 5, 2025, from 3:00 PM to 4:00 PM. Secure your chance to own this strategically located plot by registering and placing your bid.

Borrower Name:M/s Luxurian Fabrics

Auction Type:DRT Auction

Guarantor Names:Shri Yatender Vijay Bharti, Shri Gaurav Sharma, Mr. Mukesh Ghakar

Legal Details

Encumbrance Details:Not Known

Why This Property

The property is a plot in a prime location of Karol Bagh, New Delhi, indicating good potential for appreciation. With a reserve price of ₹25,000,000 and clear auction terms, it represents a worthwhile investment, though due diligence is crucial given the 'As Is Where Is' basis.

Contact Details

Branch:Branch Office : New Delhi

Service Provider:Public Auction

Contact Details:

Sh. Rakesh Nigam

Contact no:9453045241

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