Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612755
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹5,76,000
EMD:₹57,600
Bid Increment:₹10,000
Auction Time:10:00 AM to 5:00 PM
Service Provider:ebkray
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Palsana, Surat, Gujarat. The property is being auctioned by Indian Bank under the SARFAESI Act. It represents an opportunity to acquire a flat in a key area of Surat.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:501, Jagannath Residency at Yogi Darshan Society, Flat No. 501, 5th Floor, Jagannath Residency at Yogi Darshan Society, Plot No. 21, 22, 23 & 24 of Block No. 526, Paiki-1, R. S. No. 525, Village Palsana, Sub Distt. Palsana, Distt. Surat, Palsana, Surat
Building/Society:Jagannath Residency at Yogi Darshan Society
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Palsana, Surat. The auction will take place on November 26, 2025, starting at 10:00 AM and concluding at 05:00 PM. The reserve price is set at ₹5,76,000, with an EMD of ₹57,600. This is a prime opportunity for prospective buyers to participate in a bank auction for a property in Gujarat.
Borrower Name:Mr. Tulu Bharat Swain
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Pinkina Tulu Swain
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a relatively affordable residential option in Palsana, Surat, but potential investors should carefully assess the property's condition and local market trends. The reserve price is reasonable, but further due diligence regarding encumbrances and potential appreciation is recommended before bidding.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Adhinarayan Thiagrajan
Contact no:7639365816
