Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612750
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹8,20,800
EMD:₹82,080
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 vareli, Surat, Gujarat. The property is being auctioned by Indian Bank under the SARFAESI Act. Ideal for individuals or families seeking a home in a developing area of Surat.
State:Gujarat
City:Surat
Area:vareli
Asset Category:Residential
Full Address:O-201, Shree Radhapuram Residency, Moje-Vareli,R.S.No.121,Block No.120/1, Taluka- Palsana, Dist- Surat, Vareli, Surat
Building/Society:Shree Radhapuram Residency
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in vareli, Surat. The auction will take place on November 26, 2025, from 10:00 AM to 5:00 PM. The reserve price is set at ₹8,20,800, with an EMD of ₹82,080. This is a legal auction opportunity for interested buyers.
Borrower Name:Mr. Chamanlal Vardilalji Prajapat
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a decent opportunity due to its location in Surat, a growing city in Gujarat. The reserve price is reasonable, but further due diligence is needed to assess the market value and potential for appreciation. Auction terms appear standard, making it a calculated risk with moderate return potential.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Chintu Kumar
Contact no:8884882422
