Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612766
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹22,94,000
EMD:₹2,29,400
Auction Time:10:00 AM to 5:00 PM
Service Provider:ebkray
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This is a commercial property located in Palsana, Surat, Gujarat. It is being auctioned by Indian Bank as part of a SARFAESI auction. The property is suitable for various commercial ventures and presents a significant opportunity in a developing area. Its precise location and specifications can be further detailed upon inquiry.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Commercial
Full Address:21, Darshna Industrial Estate, Factory at plot (Shed) No. 21, "Darshna Industrial Estate, Moje - Kareli, Taluka - Palsana, Distt - Surat - 394310 (Gujarat) situated in the land bearing R.S. No. 308, Block No. 315, Palsana, Surat
Building/Society:Darshna Industrial Estate
Size:148.75 sq. mtrs
Auction Description
Indian Bank is conducting a SARFAESI auction for a commercial property in Palsana, Surat. The auction will take place on November 26, 2025, starting at 10:00 AM and concluding at 5:00 PM. The reserve price for this auction is ₹2,294,000, with an Earnest Money Deposit (EMD) of ₹229,400 required. This is a prime opportunity to acquire a commercial asset through a legally mandated auction process.
Borrower Name:M/s Shree Dev Textiles
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Nikunjbhai Vinubhai Kanani, Mr. Ashwinbhai Vinubhai Kanani, Mr. Jagdish kumar Khodabhai Butani
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial factory in an industrial area, which presents a calculated opportunity. The reserve price and EMD are moderate. Potential investors should carefully assess the property's condition and market demand before bidding.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Kumar Prashant
Contact no:9935390324
