Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609369
Bank Name:Hinduja Housing Finance Ltd
Branch Name:Corporate Office: Chennai
Reserve Price:₹6,26,000
EMD:₹62,600
Auction Time:11:00 am - 2:00 pm
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:05-12-2025 03:00 PM
Property Description
This is a residential flat located in the Palsana area of Surat, Gujarat. The property is being auctioned by Hinduja Housing Finance Ltd. as part of a SARFAESI action. The reserve price for this asset is INR 626,000, with an Earnest Money Deposit (EMD) of INR 62,600 required to participate.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:B-304, Shantiniketan Plaza-1, Shantiniketan Plaza-1 of Wing-B, Navduga Faliyu, Plot No. 77, 78, 79, 80, Gam Panchayat Property No. 3741, 3742, 3743, 3744, Kadodara, Kadodara, Surat
Building/Society:Shantiniketan Plaza-1
Size:43.60 sq. mts.
Auction Description
Hinduja Housing Finance Ltd. will conduct an online SARFAESI auction for a residential flat in Palsana, Surat, Gujarat, formerly owned by Mr. Sunil Kumar Dubey. The auction is scheduled for December 5, 2025, with bidding open from 3:00 PM to 5:00 PM IST. The reserve price is set at INR 626,000, and interested bidders must submit an EMD of INR 62,600. This is a prime opportunity to acquire a property in a developing area of Surat.
Borrower Name:Mr. Sunil Kumar Dubey
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers an opportunity for investment at a relatively low reserve price. The location in Palsana, Surat, while not prime, presents potential for growth. The 'Calculated Opportunity' recommendation reflects the balance between affordability and location-based risk.
Contact Details
Branch:Branch Office : Corporate Office: Chennai
Service Provider:drt.auctiontiger.net
Contact Details:
Contact no: —
