Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609227
Bank Name:The Co-operative Bank of Rajkot Ltd
Branch Name:rajkot
Reserve Price:₹1,28,57,000
EMD:₹12,85,700
Bid Increment:₹50,000
Auction Time:3.00 pm
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-01
Bid Start Date:2025-12-02
Property Description
This is a residential plot located in Gondal, Rajkot, Gujarat, offered for sale by The Co-operative Bank of Rajkot Ltd. The property is associated with M/s But Oil Mil. It presents an opportunity for investment or development in a recognized urban area.
State:Gujarat
City:Rajkot
Area:Gondal
Asset Category:Residential
Full Address:Village Gomta, Revenue Survey No. 205 paiki Acre 2-00 Guntha and Survey No. 205 paikee Acre 3-35 Guntha, Gomta, Gondal, Rajkot
Size:4047.00 sq mt
Auction Description
The Co-operative Bank of Rajkot Ltd is conducting a SARFAESI auction for a residential plot in Gondal, Rajkot. The auction will take place on December 2, 2025, from 03:00 PM to 04:00 PM. The reserve price is INR 1,28,57,000, with an Earnest Money Deposit (EMD) of INR 12,85,700 required to participate. This is a formal auction process to recover dues from the borrower M/s But Oil Mil.
Borrower Name:M/s But Oil Mil
Auction Type:SARFAESI Auction
Guarantor Names:Nikhil Ramniklal Bhut, Lalabhai Raichandbhai Baraiya, Rajeshbhai Somaji Baraiya, Ramnikbhai Viththalbhai Bhut, Kantaben Chandubhai Bhut, Jyotshnaben Vithtalbhai Bhut, Hinaben Ramnikbhai Bhut
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in Gomta, Gondal, Rajkot, offered at a reserve price of ₹12,857,000. While the location and land size present potential, investors should conduct thorough due diligence on the local market and future development prospects before committing.
Contact Details
Branch:Branch Office : rajkot
Service Provider:Public Auction
Contact Details:
Authorized Officer
Contact no:8128686953/9313926438/9313926434
