Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614722
Bank Name:Debts Recovery Tribunal
Branch Name:Ahmedabad
Reserve Price:₹1,60,00,000
EMD:₹16,00,000
Bid Increment:₹1,00,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-17
Bid Start Date:2025-12-18
Property Description
This is a prime plot of land located in Gondal, Rajkot, Gujarat. The property is being auctioned by the Debts Recovery Tribunal as part of a recovery process. Situated in a developing area, this plot offers significant potential for residential development. Its strategic location in Gondal provides good connectivity to Rajkot city and other surrounding regions. This is a freehold property and is being sold on an 'as is, where is' basis.
State:Gujarat
City:Rajkot
Area:Gondal
Asset Category:Residential
Full Address:2 & 5, Village: Moviya, Revenue Survey No. 924 paikee, general industrial purpose Binkheti Land A. 1-38 G. paikee, Plot No. 2 & 5 paikee, Moviya, Rajkot
Size:1758 sq. mtrs
Auction Description
An online auction will be conducted by the Debts Recovery Tribunal for a valuable plot of land in Gondal, Rajkot, Gujarat. The auction is scheduled for December 18, 2025, commencing at 12:00 PM and concluding at 01:00 PM. The reserve price for this property is ₹1,60,00,000, with an Earnest Money Deposit (EMD) of ₹16,00,000 required to participate. This is a unique opportunity to acquire a plot in a developing region of Gujarat. Interested bidders are advised to review all auction terms and conditions carefully before placing their bids.
Borrower Name:M/s Rajshree Spintex
Auction Type:DRT Auction
Guarantor Names:Shri Jignesh Harjibhai Ghanva, Shri Ravi Purshottambhai Shekhada, Smt. Bhanumatiben Natvarlal Satodiya, Shri Harjibhai Popatbhai Ghanva
Legal Details
Possession Status:Not Known to Bank
Encumbrance Details:Not Known to Bank
Why This Property
This industrial plot in Rajkot presents a calculated opportunity due to its location and size. While the reserve price is significant, the potential for industrial development in the area makes it worth considering. Prospective buyers should conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : Ahmedabad
Service Provider:BAANKNET
Contact Details:
ANUBHA DUBEY
Contact no: —
