Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609229
Bank Name:The Co-operative Bank of Rajkot Ltd
Branch Name:rajkot
Reserve Price:₹50,27,000
EMD:₹5,02,700
Bid Increment:₹50,000
Auction Time:03:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-01
Bid Start Date:2025-12-02
Property Description
Prime plot of land located in Gondal, Rajkot, Gujarat. This residential plot is being auctioned by The Co-operative Bank of Rajkot Ltd. It represents an excellent opportunity for development or investment in a growing area. The property details are being offered under the SARFAESI Act, providing a clear title for the buyer. Situated in a well-connected locality, this plot is ready for its next chapter.
State:Gujarat
City:Rajkot
Area:Gondal
Asset Category:Residential
Full Address:13, Survey No. 364 paiki Acre 6-5 guntha, Gondal City Survey Office Ward No. 2, Sheet No. 200, S. No. 4611 paiki, residential purpose N.A. Plots paiki plot no. 13, Gondal Nagarpalika area, Gondal
Size:474-30 sq mt
Auction Description
The Co-operative Bank of Rajkot Ltd is conducting a SARFAESI auction for a residential plot in Gondal, Rajkot, Gujarat. The auction will take place online on December 2, 2025, with bidding open from 03:00 PM to 04:00 PM. The reserve price is set at ₹50,27,000, with an Earnest Money Deposit (EMD) of ₹5,02,700 required to participate. This is a unique chance to acquire a valuable plot directly from the bank.
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 residential plot in Gondal, offered at a reserve price of ₹5027000. While the location is promising, further due diligence is recommended to assess local market conditions and development potential before investing. Given the auction terms, it represents a calculated opportunity for informed investors.
Contact Details
Branch:Branch Office : rajkot
Service Provider:Public Auction
Contact Details:
Authorized Officer
Contact no:8128686953/9313926438/9313926434
