Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614056
Bank Name:Canara Bank
Branch Name:Circle Office : Gandhinagar
Reserve Price:₹1,70,00,000
EMD:₹17,00,000
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a SARFAESI auction for a Land and Building property located in MAHUVA, Bhavnagar, Gujarat. The asset is categorized as Residential and was formerly associated with M/s. Uttam Cotton Industries. The property offers a unique opportunity for investment or development in a prominent area.
State:Gujarat
City:Bhavnagar
Area:MAHUVA
Asset Category:Residential
Full Address:Village Talgajarda, Taluka Mahuva, District- Bhavnagar, Mahuva, Bhavnagar
Size:10421.00 sq. mtr
Auction Description
Canara Bank is conducting an online SARFAESI auction for a Land and Building property in MAHUVA, Bhavnagar, Gujarat. The auction will take place on November 25, 2025, from 01:00 PM to 03:00 PM. The reserve price for this auction is INR 1,70,00,000, with an Earnest Money Deposit (EMD) of INR 17,00,000 required to participate. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:M/s. Uttam Cotton Industries
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing location, offered at a reasonable reserve price. While the possession is symbolic, the auction terms are standard, making it a calculated opportunity for potential investors. Further due diligence on encumbrances is advised.
Contact Details
Branch:Branch Office : Circle Office : Gandhinagar
Service Provider:BAANKNET
Contact Details:
Contact no: —
