Shop for auction 2524 Area-Super area, Beadonpura, New Delhi by Indian Overseas Bank

The property is a leasehold, 3rd-floor shop with private number 2, excluding roof rights. It is located at municipal number 2523, Block M, Ward no. XVI, Gall No 7 & 8 in Beadonpura, Karol Bagh, New Delhi-110005. The super built-up area is 450 sq ft. The property is bounded by Gali No.07 to the North, Gali No.08 to the South, Property no.2524 to the East, and Property no.2522 to the West. The property is currently under the physical possession of Indian Overseas Bank.

Indian Overseas Bank is auctioning a commercial property located on the 3rd floor at municipal no. 2523, Block M, Ward no. XVI, Gall No 7 & 8, Beadonpura, Karol Bagh, New Delhi-110005. The property, owned by Shri Vishal Vaish S/O Gauri Shanker and mortgaged by M/s JR Diamonds, has a super area of 450 sq ft. The boundaries are Gali No.07 to the North, Gali No.08 to the South, Property no.2524 to the East, and Property no.2522 to the West. The property is in physical possession of the bank. The auction is a SARFAESI Auction with a reserve price of INR 37,40,000 and an Earnest Money Deposit (EMD) of INR 3,74,000. The auction will be conducted by BAANKNET on 27-05-2025 from 11:00 AM to 01:00 PM. The application submission deadline is 26-05-2025 by 05:00 PM. For inquiries, contact Indian Overseas Bank Asset Recovery Management Branch at 011-25758124 or [email protected].