Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614479
Bank Name:Union Bank of India
Branch Name:Regional Office Rajkot
Reserve Price:₹12,90,000
EMD:₹1,29,000
Auction Time:12:00 NOON to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is an industrial land parcel located in Halwad, Morbi, Gujarat, offered by Union Bank of India through a SARFAESI auction. The land is categorized as industrial asset, belonging to the borrower M/s. Mann Industries. Situated in a key industrial area, this property presents a significant opportunity for industrial development and expansion. Its strategic location in Gujarat, a prominent industrial hub, further enhances its potential value for astute investors and businesses.
State:Gujarat
City:Morbi
Area:Halwad
Asset Category:Industrials
Full Address:23, Sardar Patel Estate Area, Halwad Rev. Sur. No. 2580/Paiki 1 & 2581/1 Amalgamated Rev. Sur. No. 2580 Paiki 1, Plot No. 23, C/o. "Mann Industries", Sardar Patel Estate Area Near Pooja Industries & Tulsi PVC Pipe Units Behind To Trufill Polymers, Ahead Of Sanidev Temple Off. Halwad Maliya Highway / Ahmedabad Highway, Halwad, Morbi
Building/Society:Sardar Patel Estate Area
Size:348.72 Sq Mtr
Auction Description
Union Bank of India is conducting a SARFAESI auction for an industrial land property in Halwad, Morbi, Gujarat. The auction is scheduled to commence on November 14, 2025, at 12:00 PM and will conclude at 4:00 PM on the same day. The reserve price for this valuable industrial asset is set at ₹12,90,000, with an Earnest Money Deposit (EMD) of ₹1,29,000 required to participate. This auction provides a prime opportunity to acquire industrial land in a developing region.
Borrower Name:M/s. Mann Industries
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The industrial land in Halwad presents a calculated opportunity due to its location in an industrial area and proximity to transportation routes. The reserve price appears reasonable, but potential investors should conduct thorough due diligence on local market conditions and potential for industrial growth in the region.
Contact Details
Branch:Branch Office : Regional Office Rajkot
Service Provider:BAANKNET
Contact Details:
Narayan Lal Meena
Contact no:9003078450
