Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613192
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹37,62,000
EMD:₹3,76,200
Auction Time:11:30 am to 03:30 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This is a residential house located in Gandevi, Navsari, Gujarat. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. Mrs Ashaben P Marathe is the borrower. The house offers a great opportunity for homeownership or investment in a developing area.
State:Gujarat
City:Navsari
Area:Gandevi.
Asset Category:Residential
Full Address:906, Shyam Nagar-2, House No. 906, Shyam Nagar-2, Vaghrech, Vaghrech, Navsari
Building/Society:Shyam Nagar-2
Size:1536.72 Sq. Ft.
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential house in Gandevi, Navsari, Gujarat. The auction will take place on 24-11-2025, starting at 11:30 AM and ending at 03:30 PM. The reserve price for this property is ₹37,62,000, with an EMD of ₹3,76,200. Interested bidders should review all auction terms and conditions provided by the bank.
Borrower Name:Mrs Ashaben P Marathe
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Manoj Prahlad Marathe, Mrs. Jahanvi Prabhakar Marathe, Mr. Prabhakar Prahlad Marathe
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Navsari offers a decent residential space at a reasonable reserve price. However, due to the symbolic possession and the need for careful due diligence regarding the property's legal standing, it's a calculated opportunity rather than a straightforward investment. Potential buyers should thoroughly assess the location and property specifics before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Deepak Kumar
Contact no:9891158011
