Flat for auction 40 Shyam Palace, Surat, Surat by Motilal Oswal Home Financ

Discover a promising residential opportunity in Surat, Gujarat, with this well-located flat at Shyam Palace, Palsana. Situated on the 4th floor as Flat No. 40, this property offers a comfortable living space within a developing area. Its strategic location is a key highlight, being conveniently positioned behind the notable BAPS Temple and the Mamiatdar Office, providing easy access to essential amenities and potentially enhancing future appreciation. The detailed address, Flat No.40, 4th Floor, Shyam Palace, Plot No. 120, 121, 122, R.S.No. -42/1, 42/2, Mouje-Palsana, Tal. -Palsana, Dist.-Surat-394310, places it within a dynamic part of Surat, known for its steady growth. As a residential asset, this flat presents an excellent prospect for first-time homebuyers seeking an affordable entry into the Surat property market or investors looking for a valuable addition to their portfolio. Its accessibility and established surroundings contribute to its appeal, making it a property worth considering for a secure and potentially profitable investment in a thriving city.

This property is being offered through a SARFAESI auction by Motilal Oswal Home Finance Ltd, a transparent and regulated process ideal for new buyers. The auction is scheduled for March 7, 2025, commencing at 11:00 AM and concluding at 02:00 PM, managed by the service provider Auctionbazaar. A competitive reserve price of INR 4,00,000 has been set, requiring an Earnest Money Deposit (EMD) of INR 40,000 to participate. Prospective bidders must ensure their application and EMD submission are completed by March 6, 2025, 05:00 PM. It is crucial for new buyers to conduct thorough due diligence, including property inspection and legal verification, prior to the auction. For any inquiries or assistance, interested parties can contact the designated bank representatives: BAROT ANKIT KUMAR at 7045155624, RAJPUT HEMANT at 9372713179, or DHAKAN JAYESH MANOJBHAI at 9723311997. Understanding the SARFAESI framework ensures a secure bidding experience.