Introduction: 1 BHK Flat in Panvel

Panvel, a rapidly developing node in Navi Mumbai, is known for its strategic location and excellent connectivity. If you're in the market for a 1 BHK flat in this vibrant area, HDFC Bank is offering a prime property for auction that you won't want to miss.

Property Details:

The 1 BHK flat being auctioned by HDFC Bank is located in Panvel, Mumbai, and spans 394 sq ft. The reserve price for this property is set at 35,00,000 INR, with a reserve price per sq ft of 8,883 INR. This falls within the market price range of 6,035 - 7,480 INR per sq ft, making it a potentially lucrative investment opportunity.

Auction Details:

Interested buyers are required to submit an Earnest Money Deposit (EMD) of 3,50,000 INR by Thu, 21 Mar 2024, 05:00 PM. The auction will commence on Fri, 22 Mar 2024, 11:30 AM, offering participants a chance to bid on this desirable property. The bid increment is set at 15,000 INR.

Why Panvel?

Panvel is a sought-after residential destination, thanks to its proximity to major business hubs, educational institutions, and healthcare facilities. The area is well-connected through road and rail networks, with easy access to the Mumbai-Pune Expressway and the upcoming Navi Mumbai International Airport.

Investment Potential:

Investing in a 1 BHK flat in Panvel offers great potential for rental income and capital appreciation. The area's rapid development and infrastructural projects make it an attractive choice for homebuyers and investors alike.

Conclusion:

Owning a property in Panvel, Mumbai, is a dream for many, and HDFC Bank's auction presents a unique opportunity to turn that dream into reality. With its competitive reserve price and promising market potential, this 1 BHK flat could be the perfect investment for you. Don't miss out on this chance to secure your slice of Panvel's thriving real estate market.

For more informationon this auction and other property listings in Panvel, visit www.raigadestate.com.in for a comprehensive list of properties in the area and expert advice on real estate investments.