Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614015
Bank Name:Union Bank of India
Branch Name:Regional Office : Surat
Reserve Price:₹7,33,000
EMD:₹73,300
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
This SARFAESI auction presents a unique opportunity to acquire a Land and Building property in Palsana, Surat, Gujarat. Owned by Mr. Babu Lal Khatik, this residential asset is being auctioned by Union Bank of India. The property offers potential for residential use and is situated in a developing area.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:113, SHRI VILLA RESIDENCY, RESIDENTIAL HOUSE/PLOT NO. 113, Palsana, Surat
Building/Society:SHRI VILLA RESIDENCY
Size:40.15 Sq. mt
Auction Description
Union Bank of India is conducting a SARFAESI auction for a Land and Building property in Palsana, Surat, Gujarat. The auction will take place on November 28, 2025, starting at 12:00 PM and concluding at 05:00 PM. The reserve price for this residential asset is ₹7,33,000, with an Earnest Money Deposit (EMD) of ₹73,300 required to participate. This is a significant opportunity for potential buyers interested in real estate in the Surat region.
Borrower Name:Mr. Babu Lal Khatik
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sumitra Khatik, Mr. Jagdishprasad Mishra
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment opportunity due to its residential nature and location in Palsana, Surat. However, the relatively lower size and competitive reserve price warrant a calculated approach. Good for investors seeking entry-level property in a developing area.
Contact Details
Branch:Branch Office : Regional Office : Surat
Service Provider:BAANKNET
Contact Details:
Mr. Ramvtar Meena
Contact no:8827433132
