Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614026
Bank Name:Union Bank of India
Branch Name:Regional Office : Surat
Reserve Price:₹13,60,000
EMD:₹1,36,000
Auction Time:12:00 NOON to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a commercial property located in Abrama, Valsad, Gujarat, brought to auction by Union Bank of India. The property is being sold under the SARFAESI Act due to a borrower default. It is designated for commercial use. The reserve price for this auction is ₹13,60,000. The Earnest Money Deposit (EMD) required is ₹1,36,000. The property is part of a SARFAESI auction, indicating a distressed sale.
State:Gujarat
City:Valsad
Area:Abrama
Asset Category:Commercial
Full Address:104, Rutu Park Apartment, Rutu park apartment near Valsad-Atul Rd, At Village-Abrama, Valsad, Tal-Dist-Valsad-396001, Abrama, Valsad
Building/Society:Rutu Park Apartment
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a commercial property in Abrama, Valsad, Gujarat. The auction is scheduled to start on November 28, 2025, at 12:00 PM and will conclude on the same day at 05:00 PM. The reserve price is set at ₹13,60,000, with an EMD of ₹1,36,000. This is a prime opportunity to acquire commercial real estate in a growing area. Interested bidders are advised to review all auction terms and conditions provided by Union Bank of India.
Borrower Name:Mrs Keyuri Bhavesh Pujari
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Bhavesh Manhar Pujari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Details of encumbrances over the property, as known to the secured creditor, if any: None
Why This Property
Located in Abrama, Valsad, this commercial property presents a reasonable investment opportunity. The reserve price and EMD are proportionate, and the symbolic possession status should be considered. Further due diligence is recommended to assess market value and potential returns.
Contact Details
Branch:Branch Office : Regional Office : Surat
Service Provider:BAANKNET
Contact Details:
Mr. Ramvtar Meena
Contact no:8827433132
