Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614014
Bank Name:Union Bank of India
Branch Name:Regional Office : Surat
Reserve Price:₹7,65,000
EMD:₹76,500
Auction Time:12:00 NOON to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
A residential plot located in the developing area of Palsana, Surat, Gujarat. This property is being auctioned by Union Bank of India under the SARFAESI Act. It presents a potential opportunity for investment or development in a growing region. The plot is offered as is, providing a blank canvas for prospective buyers.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:657, SHIV SAGAR RESIDENCY, Plot No. 657 [as per village form No. 7/12 Revenue Survey/Block No. 105/657/E, Dastan, Surat
Building/Society:SHIV SAGAR RESIDENCY
Size:40.15 sq.mtrs
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential plot in Palsana, Surat, Gujarat. The auction has a reserve price of INR 7,65,000 and requires an Earnest Money Deposit (EMD) of INR 76,500. Bidders should be aware of the auction timeline, starting on November 28, 2025, at 12:00 PM and concluding at 5:00 PM on the same day. This is a unique chance to acquire property through a formal bank auction process.
Borrower Name:Mr. Pankaj Vijay Gupta
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Tiwari Ashish, Mr. Vijay Kumar, Mrs. Aneetadevi Vijaykumar Gupta
Legal Details
Possession Status:Symbolic
Encumbrance Details:Details of encumbrances over the property, as known to the secured creditor, if any: None
Why This Property
The property is a plot in a developing area of Surat, offered at a reasonable reserve price. While not a 'Prime Investment', it presents a 'Calculated Opportunity' for buyers looking for land in this region. Auction terms are standard, but due diligence on the location and potential development is advised.
Contact Details
Branch:Branch Office : Regional Office : Surat
Service Provider:BAANKNET
Contact Details:
Mr. Ramvtar Meena
Contact no:8827433132
