Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613422
Bank Name:Punjab National Bank
Branch Name:ARMB Branch : Surat
Reserve Price:₹52,95,000
EMD:₹5,30,000
Bid Increment:₹53,000
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:26-11-2025 11:00 AM
Property Description
This auction features a valuable plot of land located in Palsana, Surat, Gujarat, offered by Punjab National Bank. The property is categorized as residential and is being auctioned under the SARFAESI Act. It presents a unique opportunity for development or investment in a growing area. The plot is situated in Palsana, a well-connected locality within Surat, known for its industrial and residential development potential. This auction is ideal for individuals or developers looking to acquire land in a prime Gujarat location.
State:Gujarat
City:Surat
Area:Palsana
Asset Category:Residential
Full Address:44, Aradhana Industrial Estate Vibhag -2, Plot No. 44 (Sub-Plot No. 2) admeasuring about 188.88 sq. yards equivalent to 157.92 sq. mtrs. Of industrial unit No. 4 paiki "D" type at "Aradhana Industrial Estate Vibhag -2" situated on the land bearing BlockNos. 140, 141, 142 and 144 of Village - Jolwa, tal. Palsana, Dist. Surat, Palsana, Surat
Building/Society:Aradhana Industrial Estate Vibhag -2
Size:188.88 sq. yards
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a residential plot in Palsana, Surat, Gujarat. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is ₹52,95,000, with an Earnest Money Deposit (EMD) of ₹5,30,000 required to participate. This is a significant opportunity to acquire a plot of land directly from the bank, presenting a transparent and secure bidding process. Don't miss this chance to invest in Surat's real estate market.
Borrower Name:M/s Pragnya Food Products
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Further interest and expenses thereon
Why This Property
The property is a plot of land located in an industrial area, suggesting moderate potential for industrial development. The reserve price seems reasonable. However, further due diligence is needed to assess the encumbrances and potential for appreciation before considering investment.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
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