Property for Auction in Modasa, Sabarkantha, Gujarat
Auction ID:438508
Bank Name:India Infoline Housing Finance Ltd. (IIFL-HFL)
Branch Name:Mehsana
Reserve Price:₹4,92,000
EMD:₹49,200
Service Provider:Public Auction
Submission Date:17-02-2025 05:00 PM
Bid Start Date:20-02-2025 11:00 AM
Prospective property buyers are presented with an exceptional opportunity to acquire a prime residential plot located in Dhansura, Modasa, within the thriving Sabarkantha district of Gujarat. This offering includes a significant portion of Plot No. 19, encompassing an expansive 552 sq. ft. of land, complemented by an existing built-up area of 473 sq. ft. Situated in the heart of Modasa, a rapidly developing area, this property ensures excellent connectivity and accessibility to essential amenities, including educational institutions, healthcare facilities, and local markets, making it an ideal choice for constructing a bespoke family home or a promising long-term investment. Its residential asset category designation further underscores its suitability for personal habitation, offering a blank canvas for architectural vision. The inherent potential of this plot lies in its adaptable nature, allowing for customization to individual preferences while benefiting from the serene yet progressive environment of Modasa. This is a unique chance to secure a valuable asset in a growing region, promising both immediate utility and substantial future appreciation.
State:Gujarat
City:Sabarkantha
Area:Modasa
Asset Category:Residential
This residential plot is being offered via a SARFAESI Auction by India Infoline Housing Finance Ltd. (IIFL-HFL), representing a streamlined and regulated process for acquiring bank-foreclosed properties. The auction is precisely scheduled to commence on February 20, 2025, at 11:00 AM, concluding promptly at 01:00 PM on the same day. New buyers should note the highly attractive Reserve Price set at INR 4,92,000.00, requiring an Earnest Money Deposit (EMD) of INR 49,200.00 for participation, which is refundable to non-winning bidders. All interested parties must ensure their applications for participation are submitted by the strict deadline of February 17, 2025, at 05:00 PM. This public auction provides a transparent mechanism for property acquisition, making it accessible for new entrants. It is strongly advised for prospective bidders to conduct thorough due diligence, including property inspections and legal verification, prior to the auction. For any inquiries regarding the auction process or property specifics, direct contact can be made via the dedicated helpline at 18002672499.
Borrower Name:Mr. Mahendrabhal Natubhai Raval
Auction Type:SARFAESI Auction
Contact Mobile No : 18002672499