Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612974
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹1,11,80,000
EMD:₹11,18,000
Bid Increment:₹25,000
Auction Time:12:00 Noon to 3.00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Olpad, Surat, Gujarat. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd under the SARFAESI Act. It is an opportunity to acquire land in a developing area of Surat.
State:Gujarat
City:Surat
Area:Olpad
Asset Category:Residential
Full Address:28A, Plot No. 28A on bearing block No. 792, Mauje Village Kursad, Sub District Taluka-Olpad, Dist. Surat, Kursad, Surat
Size:620 Sq. mtrs.
Auction Description
The Nasik Merchants Co-op Bank Ltd is conducting a SARFAESI auction for a residential plot in Olpad, Surat. The auction will commence on November 25, 2025, at 12:00 PM and conclude at 3:00 PM on the same day. The reserve price for this auction is ₹1,11,80,000, with an Earnest Money Deposit (EMD) of ₹11,18,000. This is a prime opportunity to bid on a valuable plot of land.
Borrower Name:M/s. Yug Yarn Pvt. Ltd.
Auction Type:SARFAESI Auction
Guarantor Names:Dhanani Shantiben Kantilal, Dobariya Kantilal Muljibhai, Findoriya Dineshbhai Govindbhai
Legal Details
Possession Status:Physical
Encumbrance Details:There are no encumbrances to the knowledge of the Bank
Why This Property
Located in Olpad, Surat, this industrial plot offers significant potential for businesses. The reserve price appears reasonable given the area and existing RCC structure. The auction terms are standard, making this a strong buying opportunity for investors seeking industrial properties.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
