Plot for auction 4 SAKAR RESIDENCY, Olpad, Surat by BOI

A prime residential plot located in Olpad, Surat, Gujarat. This asset is being auctioned by Union Bank of India under the SARFAESI Act. The plot offers a great opportunity for investment or construction in a growing region. Olpad is a well-connected area within Surat, known for its developing infrastructure and potential for appreciation. The property is a vacant plot, suitable for residential development. Details regarding exact dimensions and boundaries should be verified by interested parties during the pre-auction inspection period. This is a direct bank auction, presenting a transparent and legally sound transaction process.

Union Bank of India presents a SARFAESI auction for a residential plot in Olpad, Surat, Gujarat. The auction will take place on August 14, 2025, from 12:00 PM to 5:00 PM. The reserve price is set at ₹7,35,000, with an Earnest Money Deposit (EMD) of ₹73,500 required. This is an excellent opportunity to acquire a plot in a developing area. The property is being auctioned due to the loan default of Mr. Ashokbhai Lakhabhai Chhodvadiya. Prospective bidders are advised to conduct their own due diligence regarding the property's legal status and physical condition.