Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612756
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹6,83,100
EMD:₹68,310
Service Provider:ebkray
Important Dates
Submission Date:26-11-2025 06:00 PM
Bid Start Date:26-11-2025 10:00 AM
Property Description
This is a unique opportunity to acquire a residential plot in Palsana, Surat, Gujarat, offered by Indian Bank. The property is part of a SARFAESI auction, providing a chance for investment or development. Located in the growing area of Palsana, it presents potential for future appreciation. This plot is an asset from the loan account of Mr. Rajesh Malaram Poonia.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:224, Siddhi Vinayak Residency, Siddhi Vinayak Residency, Moje Begumpura, RS No. 98, Block No. 126, Near Dharmanandan Residency, Canal Road, Bagumara, Bagumara, Surat
Building/Society:Siddhi Vinayak Residency
Size:40.04 sq. mtr.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Palsana, Surat. The auction has a reserve price of INR 683,100 and requires an EMD of INR 68,310. Bidding opens on November 26, 2025, at 10:00 AM and closes at 5:00 PM on the same day. This is a direct sale from the bank, offering a transparent and secure transaction process for acquiring the property.
Borrower Name:Mr. Rajesh Malaram Poonia
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Suman Devi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The plot offers a good opportunity for investment given its location in Palsana, Surat. The reserve price is reasonable, making it a potentially attractive option. However, further investigation into the location and market conditions is recommended before bidding.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Adhinarayan Thiagrajan
Contact no:7639365816
