Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611321
Bank Name:Mahindra Rural Housing Finance Ltd
Branch Name:Corporate Office : Mumbai
Reserve Price:₹3,80,000
EMD:₹38,000
Auction Time:10:00 AM to 12:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential flat located in Palsana, Surat, Gujarat. It is being auctioned by Mahindra Rural Housing Finance Ltd under the SARFAESI Act. The property is categorized as residential and is ideal for individuals or families seeking a home in the Surat region.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:502, Radhapuram Residency, RS NO.121, BLOCK NO.120/1, RADHAPURAM RESIDENCY, BUILDING-B, 5TH FLOOR, FLAT NO.502, MOJE-VARELI, TA-PALSANA, DIST-SURAT, GUJARAT-394325, Palsana, Surat
Building/Society:Radhapuram Residency
Auction Description
Mahindra Rural Housing Finance Ltd is conducting a SARFAESI auction for a residential flat in Palsana, Surat. The auction will take place on November 25, 2025, starting at 10:00 AM and concluding at 12:00 PM. The reserve price for this property is INR 380,000, with an Earnest Money Deposit (EMD) of INR 38,000 required. This is a prime opportunity to acquire a property through a bank auction.
Borrower Name:DEVI BIHARILAL
Auction Type:SARFAESI Auction
Guarantor Names:VINODKUMAR SHIVBHAGVANJI SHARMA
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property, a flat in Palsana, Surat, presents a calculated investment opportunity. The reserve price is relatively low, but further investigation of the location and building quality is advised. Auction terms appear standard, warranting a closer look before committing.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:Public Auction
Contact Details:
Ravi Prajapati
Contact no:9558799960
