Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612172
Bank Name:Bank of India
Branch Name:ZONAL OFFICE: SURAT
Reserve Price:₹11,62,000
EMD:₹1,16,000
Bid Increment:₹10,000
Auction Time:11 am to 5 pm
Service Provider:Public Auction
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Palsana, Surat, Gujarat. The property is being auctioned by the Bank of India under the SARFAESI Act. It is an excellent opportunity to acquire land in a developing area of Surat. The plot offers potential for residential development or investment.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:424/B, Mahavir Nagar Residency, R.S. No. 59,60,61 & 62. Old Block No. 67, Plot No 424/B Mahavir Nagar Residency, Kareli, Surat
Building/Society:Mahavir Nagar Residency
Auction Description
Bank of India presents a SARFAESI auction for a residential plot in Palsana, Surat, Gujarat. The auction will take place on 25-11-2025, commencing at 11:00 AM and concluding at 05:00 PM. The reserve price for this auction is ₹11,62,000, with an Earnest Money Deposit (EMD) of ₹1,16,000 required to participate. This is a significant opportunity for prospective buyers to acquire a valuable asset.
Borrower Name:Mr Shitadevi Kanaiya Varma
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a residential plot in Palsana, Surat, presents a reasonable investment potential given its location and the bank auction terms. The reserve price appears competitive, but a thorough due diligence of the site and local market conditions is advisable before bidding. This warrants a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : ZONAL OFFICE: SURAT
Service Provider:Public Auction
Contact Details:
Contact no:9372270093
