Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612769
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹22,94,000
EMD:₹2,29,400
Service Provider:ebkray
Important Dates
Submission Date:26-11-2025 06:00 PM
Bid Start Date:26-11-2025 10:00 AM
Property Description
This is a commercial property located in Palsana, Surat, Gujarat. Situated in a key commercial area, this property offers significant potential for business ventures. Its strategic location within Surat provides excellent accessibility and visibility. Ideal for investors or businesses looking to establish a presence in a growing economic hub.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Commercial
Full Address:22, Darshna Industrial Estate, Plot (Shed) No. 22, Darshna Industrial Estate, Moje - Kareli, Taluka - Palsana, Distt - Surat - 394310 (Gujarat), 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 reserve price is INR 22,94,000, with an EMD of INR 2,29,400. The auction will be held on November 26, 2025, from 10:00 AM to 5:00 PM. This is a prime opportunity to acquire a commercial asset in a developing region of Gujarat.
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 a developing industrial area, offering good potential. However, the limited information available and the need for due diligence temper the recommendation to a Calculated Opportunity. The reserve price appears reasonable for the location and size.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Kumar Prashant
Contact no:9935390324
