Shop for auction Sheikh Sarai New Delhi 2 Cr IDBI Bank

Property for Auction in Sheikh Sarai, New Delhi, Delhi

Recommendation
Strong BuyScore: 7.5
Possession
Physical
Size
567 Sqft
Reserve Price
1,70,00,000
Reserve Price
1,70,00,000
EMD Required
17,00,000
Property Specifications
Society/BuildingCommunity Centre
Size567 Sqft
Unit No.G-4
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Shop
Location IconLocation:
Sheikh Sarai, New Delhi
Auction Date IconAuction Date:
20-11-2025 11:00 AM

Auction Details

Recommendation:Strong BuyScore: 7.5

Auction ID:611499

Bank Name:IDBI Bank

Branch Name:New Delhi

Reserve Price:1,70,00,000

EMD:17,00,000

Bid Increment:50,000

Auction Time:11:00 AM to 01:00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:2025-11-19

Bid Start Date:2025-11-20

Property Description

Discover an exceptional investment opportunity with this commercial shop located in the prime area of Sheikh Sarai, New Delhi. This asset, auctioned by IDBI Bank, presents a fantastic chance to own a commercial space in a bustling locality. Suitable for a variety of business ventures, its strategic location offers excellent visibility and accessibility. Don't miss this chance to acquire a valuable commercial property in the heart of the capital.

State:Delhi

City:New Delhi

Area:Sheikh Sarai

Asset Category:Commercial

Full Address:G-4, Community Centre, Shop No. G-4 situated at Community Centre at Seikh Sarai Phase-1, New Delhi., Sheikh Sarai, New Delhi

Building/Society:Community Centre

Size:567 Sqft

Auction Description

IDBI Bank presents a SARFAESI Auction for a commercial shop in Sheikh Sarai, New Delhi, formerly belonging to Mr. Harish Chauhan. The auction commences on November 20, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The earnest money deposit (EMD) required is ₹17,00,000, with a reserve price set at ₹1,70,00,000. This is a unique opportunity to acquire a commercial asset through a transparent banking auction process.

Borrower Name:Mr Harish Chauhan

Auction Type:SARFAESI Auction

Guarantor Names:Mrs Usha Rani, R.B Overseas, Sumit Chauhan

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

The commercial shop in Sheikh Sarai, New Delhi, presents a strong investment opportunity due to its location and manageable size. With a reserve price of ₹17,000,000, the auction terms are reasonable. Given its commercial nature and Delhi location, it merits a 'Strong Buy' recommendation.

Contact Details

Branch:Branch Office : New Delhi

Service Provider:BAANKNET

Contact Details:

Mr. Amit Rana-9990527220 Mrs. Amarjyoti Nayyar

Contact no:011-69267259

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