Property for Auction in Karol Bagh, New Delhi, Delhi
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
Submission Date:2025-12-03
Bid Start Date:2025-12-05
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
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
Encumbrance Details:Not Known
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.
Branch:Branch Office : New Delhi
Service Provider:Public Auction
Contact Details:
Sh. Rakesh Nigam
Contact no:9453045241