Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612185
Bank Name:Bank of India
Branch Name:ZONAL OFFICE: SURAT
Reserve Price:₹9,15,000
EMD:₹92,000
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 Palasana, Surat, Gujarat. The property is being auctioned by the Bank of India under the SARFAESI Act. It presents a valuable opportunity for real estate investment in a developing area. The plot is suitable for residential construction.
State:Gujarat
City:Surat
Area:Palasana
Asset Category:Residential
Full Address:175, Om Hariom Park, Residential Plot No. 175, Om Hariom Park, near Tulsi Paper Mill,, Kareli - Mota Road, Kareli, Surat - 394601, Kareli, Surat
Building/Society:Om Hariom Park
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential plot in Palasana, Surat. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this auction is ₹9,15,000, with an Earnest Money Deposit (EMD) of ₹92,000 required to participate. This is a great chance to acquire property through a bank auction.
Borrower Name:Mrs Manisha Sandip Patil
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in Surat with a relatively low reserve price, which could be attractive for local investors. However, the lack of specific size information and the general market conditions warrant a cautious approach. It's a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : ZONAL OFFICE: SURAT
Service Provider:Public Auction
Contact Details:
Contact no:9687617810
