Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611998
Bank Name:Axis Bank
Branch Name:Branch Office :Ahmedabad
Reserve Price:₹8,83,520
EMD:₹88,352
Bid Increment:₹1,000
Auction Time:10:30 AM to 05:30 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:15-11-2025 05:00 PM
Bid Start Date:2023-11-17
Property Description
This is a valuable plot of land located in Lodhika, Rajkot, Gujarat. Ideal for residential development, this property presents a unique opportunity for investors and developers. The land is being auctioned by Axis Bank under SARFAESI regulations.
State:Gujarat
City:Rajkot
Area:Lodhika
Asset Category:Residential
Full Address:D/134-A, Adarsh Residency, Tenement No. D/134-A. Constructed On N.A. Land Adm. About 38-12 Sq. Mtrs. Of Sub Plot No. 134/A Of Plot No. 134 Of Type D Of The Township Known As "Adarsh Residency" Lying And Situated At R.S. No. 141 Paki Of Village Pipaliya Pal Of Lodhika Taluka Of Rajkot District., Pipaliya Pal, Lodhika, Rajkot
Building/Society:Adarsh Residency
Size:38-12 Sq. Mtrs.
Auction Description
Axis Bank is conducting a SARFAESI auction for a residential land parcel in Lodhika, Rajkot, Gujarat. The auction will take place on November 17, 2025, starting at 10:30 AM and concluding at 05:30 PM. The reserve price is ₹8,83,520.0, with an EMD of ₹88,352.0. This is a prime opportunity to acquire land in a developing area.
Borrower Name:PARMAR YOGESHKUMAR RAMESHBHAI
Auction Type:SARFAESI Auction
Guarantor Names:BRUIESH JENTIBHAI MAKADIVA
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land parcel in Lodhika presents a moderate investment opportunity due to its location and relatively lower reserve price. However, being a land parcel, it necessitates careful evaluation of development potential and local market conditions. The symbolic possession status requires additional due diligence.
Contact Details
Branch:Branch Office : Branch Office :Ahmedabad
Service Provider:bankeauctions.com / C1 India
Contact Details:
Mr.Paramrajsinh Jhala
Contact no:9099972299
