Land for Auction Sivan Olpad Surat 5.2 Lakh by Asset Reconstruction Company India Ltd Arcil

Quick read

• ▸Possession: Physical
• ▸Area: 73.27 sq. mtrs
• ▸Locality: Sivan, Olpad
• ▸Reserve: ₹5,17,012
• ▸EMD: ₹51,701

About this property

Land bank auction in Sivan, Olpad, Surat by Asset Reconstruction Company (India) Ltd. (Arcil) — reserve price ₹5,17,012, 73.27 sq. mtrs, Physical possession.

Participate in the bank auction of a residential plot located in Mahek Residency-2, Sivan, Olpad, Surat. This property, spanning a total area of 73.27 sq. mtrs (comprising a 53.40 sq. yard plot and undivided share), is being auctioned by Asset Reconstruction Company (India) Ltd. (Arcil). Ideal for residential investment, this land is situated in a developing locality in Surat. The auction provides a transparent opportunity to acquire property at a competitive reserve price of ₹5,17,012. With physical possession status, this bank auction property is a notable opportunity for investors looking for affordable land plots in the Olpad region. Interested bidders should note the auction date and complete the EMD submission as per the bank guidelines.

GeoSquare note: The property offers a good investment opportunity due to its location in a residential complex in the growing area of Olpad, Surat. With physical possession already secured by the bank and a relatively low entry reserve price, it serves as an excellent low-risk acquisition for residential development. Investors should conduct standard due diligence regarding local zoning and documentation.