Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613416
Bank Name:Punjab National Bank
Branch Name:ARMB Branch : Surat
Reserve Price:₹20,80,000
EMD:₹2,10,000
Bid Increment:₹25,000
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2023-09-25
Property Description
Punjab National Bank is auctioning a residential flat in Khatodara, Surat, Gujarat. This property is part of a SARFAESI auction and is offered at a reserve price of 20,80,000.00. The Earnest Money Deposit (EMD) required is 2,10,000.00. The flat is associated with the borrower M/s Heaven Textiles Pvt Ltd.
State:Gujarat
City:Surat
Area:Khatodara
Asset Category:Residential
Full Address:C-202, Jay Shree Radha Krishna Apartment, Flat No. C-202, 2nd floor Jay Shree Radha Krishna Apartment Revenue survey No. 16, T. P. Scheme no. 6, Final plot No. 61/3 (Majura-Khatodara), Sub plot no A to D of village: KHATODARA, City Surat Dist: Surat, Khatodara, Surat
Building/Society:Jay Shree Radha Krishna Apartment
Auction Description
This is a SARFAESI auction conducted by Punjab National Bank for a residential flat located in Khatodara, Surat, Gujarat. The auction will take place on 26-11-2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price for this property is 20,80,000.00, with an EMD of 2,10,000.00. Interested bidders should review all auction terms and conditions provided by Punjab National Bank.
Borrower Name:M/s Heaven Textiles Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:I. Govindbhai T Patel, Hasmukhbhai T Patel, Bhagwatiben T Patel, Kenil T Patel
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property is a residential flat in Surat, presenting a calculated investment opportunity. The location is reasonably well-connected, and the reserve price appears competitive. Further due diligence is recommended to assess the property's condition and market value before bidding.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no: —
