Property for Auction in Patan, Patan, Gujarat
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609170
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹1,01,00,000
EMD:₹10,10,000
Bid Increment:₹10,000
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Submission Date:2025-11-17
Bid Start Date:2025-11-18
This is a prime non-agricultural land parcel located in Patan, Gujarat, offered for sale by Canara Bank. The property is situated in the Patan area, known for its developing infrastructure and potential for growth. As a residential asset category, it presents a versatile opportunity for development or investment. The land is part of a SARFAESI auction initiated by Canara Bank, providing a clear title and a secure transaction process. Don't miss this chance to acquire a valuable piece of land in a desirable location.
State:Gujarat
City:Patan
Area:Patan
Asset Category:Residential
Full Address:Plot No 1 to 13 & Plot No 1 to 95, Sim of Village Sherganj, Ta Randanpur, Distt-Patan, Sherganj, Patan
Size:12646 Sq Mt
Canara Bank is conducting a SARFAESI auction for a valuable non-agricultural land in Patan, Gujarat. The auction will take place on November 18, 2025, starting at 1:00 PM and concluding at 3:00 PM. The reserve price for this asset is ₹10,100,000.00, with an Earnest Money Deposit (EMD) of ₹1,010,000.00 required to participate. This is a fantastic opportunity to invest in a residential property in Patan. For further details and bidding, please refer to the official auction portal.
Borrower Name:M/s Shree MB Agro
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Keshiben Motibhai Patel, Smt. Nilamben Maheshbhai Thakkar
Possession Status:Physical
Encumbrance Details:Not Known to Bank
The property is a relatively large land parcel suitable for commercial development, offered at a reasonable reserve price. However, potential investors should conduct thorough due diligence regarding zoning, accessibility, and market demand. The physical possession status is a positive factor, making it a 'Calculated Opportunity' with moderate risk.
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
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