Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612912
Bank Name:Assets Care & Reconstruction Enterprise Ltd
Branch Name:Newdelhi
Reserve Price:₹5,00,000
EMD:₹50,000
Auction Time:2:30 PM to 3:30 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Kadodara, Surat, Gujarat. The property is being auctioned by Assets Care & Reconstruction Enterprise Ltd under the SARFAESI Act. This is an opportunity to acquire a flat in a developing area of Surat. The reserve price is ₹500,000, with an Earnest Money Deposit (EMD) of ₹50,000.
State:Gujarat
City:Surat
Area:Kadodara
Asset Category:Residential
Full Address:A-204, Sai Residency, Flat No. A-204, A Building, Sai Residency, Kadodara, Surat, Kadodara, Surat
Building/Society:Sai Residency
Size:65.06 sq.m.
Auction Description
Assets Care & Reconstruction Enterprise Ltd is conducting a SARFAESI auction for a residential flat in Kadodara, Surat. The auction will take place on November 26, 2025, starting at 02:30 PM and concluding at 03:30 PM. The reserve price for this auction is ₹500,000, and the EMD required is ₹50,000. This is a legal auction process initiated due to loan default by the borrower, Amitkumar Madhubhai.
Borrower Name:Amitkumar Madhubhai
Auction Type:SARFAESI Auction
Guarantor Names:Nilesh M Kalsariya
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a potential investment opportunity in a developing area of Surat. While the reserve price is relatively low, further due diligence on the property's encumbrances and market value is recommended. The auction terms seem standard, making it a calculated risk.
Contact Details
Branch:Branch Office : Newdelhi
Service Provider:bankeauctions.com / C1 India
Contact Details:
Rohan Sawant, Devang Gosai
Contact no:9833143013/98460-98098
