Plot for auction 97 SBIN400058004052 Kumetha Vadodara by SBI

This exceptional open residential plot, strategically located in Kumetha, a burgeoning area within Vadodara, Gujarat, offers a remarkable opportunity for new property buyers looking for significant investment potential or to build a custom dream home. Spanning a generous total area of 642.88 Sq.mtr., this property provides ample space for substantial development, catering to a diverse range of residential or mixed-use aspirations. Notably, the inclusion of a built-up area of 268.43 Sq.Mtr. for Unit 97 suggests existing structural possibility or a well-defined development footprint, enhancing its appeal. Its prime location in Vadodara, a rapidly developing city, ensures excellent connectivity and proximity to essential urban amenities, making it an ideal long-term asset. This versatile plot is a rare find for those seeking to capitalize on a dynamic real estate market.

For prospective new property buyers, this opportunity is presented through a SARFAESI Auction, a robust and transparent process managed by the State Bank of India's Stressed Asset Recovery Branch. The property has a reserve price of 11,329,000.00, with an essential Earnest Money Deposit (EMD) of 1,133,000.00 required for participation, which will be refunded to unsuccessful bidders. Critical dates include the application submission deadline of February 20, 2025, by 5:00 PM. The e-auction itself is scheduled for February 21, 2025, from 12:00 PM to 5:00 PM. It is imperative for all interested parties to conduct thorough due diligence, including physical inspection and legal verification of the property, well in advance of the auction. For any specific inquiries or to facilitate the bidding process, individuals may contact J M Rathod at 7600038900, with auction services being provided by BAANKNET.