Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612763
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹9,18,000
EMD:₹91,800
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
A residential flat located in Palsana, Surat, Gujarat. This property is being auctioned by Indian Bank as part of a SARFAESI auction. The flat offers a living space in the developing area of Palsana. Suitable for individuals or families looking for a home in Surat. The property is categorized as residential and presents an opportunity for ownership in a growing urban locality.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:55, Shri Kamdhenu Palace, Plot No: 55 at site admeasuring 88.53 sq. mtrs, with construction thereon Ground floor admeasuring 88.53 sq.mtrs, together with undivided proportionate share in road and COP admeasuring 56.76 sq.mtrs at “ Shri Kamdhenu Palace”, situated on the land bearing Re-survey New Block no. 14 (Old block Nos.10 its rev.S.no.8) admeasuring 8012.00 sq.mtrs. of village pipodara, Sub District Taluka Malgrol, District Surat., Pipodara, Surat
Building/Society:Shri Kamdhenu Palace
Size:88.53 sq. mtrs
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Palsana, Surat. The auction has a reserve price of INR 918,000 and requires an EMD of INR 91,800. The bidding will commence on November 26, 2025, at 10:00 AM and conclude at 05:00 PM on the same day. This is a prime opportunity to acquire a property in Gujarat through a transparent bank auction process. Interested bidders should review all auction terms and conditions.
Borrower Name:Mr. Ajay Sumanbhai Dhodiya
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Nitishaben Ajaybhai Dhodiya
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a relatively affordable flat in Surat, suitable for buyers seeking entry-level residential options. The symbolic possession status and standard auction terms present moderate risk, suggesting a calculated approach is necessary. Overall, it could be a reasonable investment depending on the buyer's risk tolerance and market analysis.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Chandan Kumar Chhaparia
Contact no:8789246250
