Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613660
Bank Name:Kotak Mahindra Bank
Branch Name:Registered Office: Mumbai
Reserve Price:₹29,69,100
EMD:₹2,96,910
Bid Increment:₹25,000
Auction Time:11.00 am. to 12:00 p.m.
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-28
Property Description
This is a prime commercial office space located in Amroli, Surat, Gujarat. The property is being auctioned by Kotak Mahindra Bank. It offers a strategic location within a developing commercial hub, making it an excellent opportunity for businesses looking to establish or expand their presence. The asset category is commercial, and the property type is specifically a commercial office. Situated in the vibrant city of Surat, this property benefits from the region's economic growth and connectivity.
State:Gujarat
City:Surat
Area:Amroli
Asset Category:Commercial
Full Address:9, Pluto Multiplex Business Center, Office No. 9, 3rd Floor, Pluto Multiplex Business Center, Variyav Road, Amroli, Surat Gujarat-394520, Amroli, Surat
Building/Society:Pluto Multiplex Business Center
Auction Description
Kotak Mahindra Bank is conducting a SARFAESI auction for a commercial office property in Amroli, Surat, Gujarat. The auction will take place on November 28, 2025, starting at 11:00 AM and concluding at 12:00 PM. The reserve price for this valuable asset is ₹29,69,100, with an Earnest Money Deposit (EMD) of ₹2,96,910 required to participate. This is a unique opportunity to acquire commercial real estate in a growing area through a transparent auction process. The auction is held under the SARFAESI Act.
Borrower Name:Mr Arvindbhai Narshibhai Markana
Auction Type:SARFAESI Auction
Guarantor Names:New Sitaram Enterprise, Hinaben Arvindbhai Markana, Sitaram Enterprise
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial office space in Amroli, Surat, offered at a moderate reserve price. While the location has potential, the auction terms and current market conditions require careful consideration before investment, making it a calculated opportunity.
Contact Details
Branch:Branch Office : Registered Office: Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Prashant Satpute
Contact no:9724433999
