Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614007
Bank Name:Union Bank of India
Branch Name:Regional Office : Surat
Reserve Price:₹5,15,000
EMD:₹51,500
Auction Time:12:00 NOON to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a residential flat located in Olpad, Surat, Gujarat. The property is being auctioned by Union Bank of India under the SARFAESI Act. It offers an opportunity to own a property in a developing area of Surat. The flat is suitable for individuals or families looking for a home in this region.
State:Gujarat
City:Surat
Area:Olpad
Asset Category:Residential
Full Address:404, BHAKTIDHARA RESIDENCY-2, Flat No. 404, Building "D", BHAKTIDHARA RESIDENCY-2, Revenue Survey No 54 paiki its Block No 128 of Moje Village Sayan, Taluka: Olpad, District: Surat, Sayan, Surat
Building/Society:BHAKTIDHARA RESIDENCY-2
Size:994.00 sq fti
Auction Description
Union Bank of India is conducting an e-auction for a residential flat in Olpad, Surat, Gujarat. The auction will be held on 28-11-2025, starting at 12:00 PM and ending at 05:00 PM. The reserve price for this SARFAESI auction is INR 515,000, with an Earnest Money Deposit (EMD) of INR 51,500. This is a fantastic opportunity for interested buyers to acquire the property by placing their bids within the specified auction period.
Borrower Name:Shri Sumit Ashokbhai Moradiya
Auction Type:SARFAESI Auction
Guarantor Names:Shri Vikas Ashokbhai Moradiya
Legal Details
Possession Status:Physical
Encumbrance Details:None
Why This Property
The property is a residential flat in a developing area near Surat, offered at a reasonable reserve price. While the location may not be prime, the price point and clear possession status make it a worthwhile opportunity for budget-conscious buyers. Auction terms are standard, presenting a calculated risk with potential for value appreciation.
Contact Details
Branch:Branch Office : Regional Office : Surat
Service Provider:BAANKNET
Contact Details:
Mr. Ramvtar Meena
Contact no:8827433132
