Plot for auction 6 Taluka Villa, Timbadi, Morbi by India Shelter Finance Cor

This offering is a residential plot located in the developing area of Timbadi, Morbi, Gujarat. The property, identified by plot number 6 in Jay Ganesh Nagar, is situated on revenue survey number 22, Paikee 1, and has been converted for residential use. It boasts a total land area of 41.82 square meters, with a built-up area of 46.46 square meters. Positioned within the Morbi district, the property benefits from its location in Gujarat, a state known for its industrial and economic growth, potentially offering good future appreciation prospects. While the specifics of the surrounding amenities and infrastructure are not detailed here, the classification as a residential plot suggests suitability for building a home or for investment purposes. New buyers should conduct thorough due diligence on the local market conditions, zoning regulations, and any potential development in the vicinity to fully assess the property's long-term value and potential.

This property presents a compelling opportunity for new buyers looking to enter the real estate market through a bank auction, specifically a SARFAESI auction conducted by India Shelter Finance Corporation Limited. The auction will take place on March 20, 2025, from 11:00 AM to 01:00 PM. Prospective bidders are required to submit their applications by March 19, 2025, 05:00 PM. The auction's reserve price is set at ₹7,27,000, with an Earnest Money Deposit (EMD) of ₹72,700. This indicates a transparent bidding process where interested parties must provide a security deposit to participate. For any inquiries or further details regarding the auction process and participation, interested buyers can reach out to Mr. Aashish Bhatt and Mr. Kishan Chauhan at 7874110808 or 6354053032. Understanding the specific terms and conditions outlined by India Shelter Finance Corporation Limited will be crucial for a smooth and successful bidding experience.