Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613198
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹24,00,000
EMD:₹2,40,000
Auction Time:11:30 am to 03:30 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
Discover an exceptional opportunity to own a prime plot of land in Olpad, Surat, Gujarat. This residential plot is being auctioned by Indian Overseas Bank. Located in a developing area, it offers a fantastic chance for investment or building your dream home. The property is situated within the Olpad taluka, known for its growing infrastructure and accessibility.
State:Gujarat
City:Surat
Area:Olpad
Asset Category:Residential
Full Address:113, Signature Homes, KJP Block No.545-2/113, Revenue block no.545 i.e. Revenue Survey no.367/2 & 370, village Olpad, Olpad, Surat
Building/Society:Signature Homes
Size:90.18 sq yds
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a residential plot in Olpad, Surat. The auction, held on November 24, 2025, will commence at 11:30 AM and conclude at 03:30 PM. The reserve price is set at INR 24,00,000, with an Earnest Money Deposit (EMD) of INR 2,40,000 required to participate. This is a unique chance to acquire a valuable asset through a transparent banking auction process. Do not miss this opportunity!
Borrower Name:Mr Pavar Rahul Hansrajbhai
Auction Type:SARFAESI Auction
Guarantor Names:Pawar Hansrajbhai Arjun, Sarlaben Hansrajbhai Pavar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot offers a reasonable opportunity given its location in Olpad, Surat, and the relatively lower reserve price. However, the symbolic possession status suggests potential legal or physical challenges. Requires careful evaluation of location and auction terms.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Mr. Mukesh Kumar
Contact no:8368030503
