Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610462
Bank Name:NORTHERN ARC CAPITAL LIMITED
Branch Name:Chennai
Reserve Price:₹65,50,500
EMD:₹6,55,050
Bid Increment:₹25,000
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a residential house located in Palsana, Surat, Gujarat, up for auction by NORTHERN ARC CAPITAL LIMITED. The property is being sold under the SARFAESI Act. It presents an opportunity for buyers looking to acquire a home in a well-established area.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:845, 846, 845, 846, Chovisi Street, Nr. Ramji Mandir, Moje: Palsana, Tal. Palsana, Dist Surat, Palsana, Surat
Auction Description
NORTHERN ARC CAPITAL LIMITED is conducting a SARFAESI auction for a residential house in Palsana, Surat. The auction will take place on November 29, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹6,550,500, with an Earnest Money Deposit (EMD) of ₹655,050. This is a prime opportunity for prospective buyers to bid on this property.
Borrower Name:Mr. NILAY RAJNIKANT VAISHNAV
Auction Type:SARFAESI Auction
Guarantor Names:Mr. RAJNIKANT RAMANLAL VAISHNAV, M/S. JAY BAJARANG ENERPRISE
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property, a residential house in Palsana, Surat, offers a reasonable opportunity given its location and reserve price. While not a prime investment, it merits consideration, especially with the specified auction terms and conditions. Further due diligence is recommended to fully assess its potential.
Contact Details
Branch:Branch Office : Chennai
Service Provider:Public Auction
Contact Details:
Sunil Verma
Contact no:9987030148
