Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614029
Bank Name:Union Bank of India
Branch Name:Regional Office : Surat
Reserve Price:₹7,28,000
EMD:₹72,800
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
A residential flat located in Umergaon, Valsad, Gujarat, being auctioned by Union Bank of India. This property is being offered under the SARFAESI Act. The auction provides an opportunity to acquire a flat in this region. Detailed property specifics will be available to interested bidders.
State:Gujarat
City:Valsad
Area:Umergaon
Asset Category:Residential
Full Address:B-408, Pushpak Apartment "B", Flat No. B-408, adm 705 Sq. feet. (65.52 q mts) super built up area on the fourth Floor of the "B" Building of Pushpak Apartment "B" constructed on NA land bearing survey no 88/1,plot no -15 adm 1668.00 sq mts (computerised Survey No. 88/1 paiki 14 khata no -1555), Umergaon, Valsad
Building/Society:Pushpak Apartment "B"
Size:705 Sq. feet
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Umergaon, Valsad, Gujarat. The auction is scheduled for November 28, 2025, starting at 12:00 PM and concluding at 5:00 PM. The reserve price is set at ₹7,28,000, with an Earnest Money Deposit (EMD) of ₹72,800 required to participate. This is a public auction for the asset belonging to Mr. Vitthalbhai Madhubhai Kotadiya.
Borrower Name:Mr. Vitthalbhai Madhubhai Kotadiya
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Nilam V Kotadiya
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent residential space at a reasonable reserve price for the location. While Umergaon might not be a prime metropolitan area, the price point and potential for rental income make it a calculated investment. However, potential investors should assess local market conditions before bidding.
Contact Details
Branch:Branch Office : Regional Office : Surat
Service Provider:BAANKNET
Contact Details:
Mr. Ramvtar Meena
Contact no:8827433132
