Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614236
Bank Name:ICICI Bank
Branch Name:Branch Office : Ahmedabad
Reserve Price:₹14,00,000
EMD:₹1,40,000
Auction Time:12:15 PM Onward
Service Provider:disposalhub.com
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a bank auction property located in Asarva, Ahmedabad, Gujarat. The asset is a commercial shop belonging to Patel Akash, being auctioned by ICICI Bank under SARFAESI Act. The property is situated in a well-known commercial area of Ahmedabad, offering good potential for business ventures. Its strategic location provides accessibility and visibility.
State:Gujarat
City:Ahmedabad
Area:Asarva
Asset Category:Commercial
Full Address:508, The New York Empire, Shop/Office No. 508, Fifth Floor, The New York Empire, Muthiya Toll Tax, GIDC, Survey No. 61, T. P. Scheme No. 71, Final Plot No. 30, Muthiya, Naroda, Asarva, Ahmedabad, Gujarat- 382330, Asarva, Ahmedabad
Building/Society:The New York Empire
Size:33.34 Sq. Mtr.
Auction Description
ICICI Bank is conducting a SARFAESI auction for a commercial shop in Asarva, Ahmedabad. The auction will commence on November 25, 2025, at 12:15 PM and conclude at 02:15 PM on the same day. The reserve price for this auction is INR 14,00,000, with an Earnest Money Deposit (EMD) of INR 1,40,000 required to participate. This is a valuable opportunity to acquire a commercial asset in a prime Ahmedabad location.
Borrower Name:Patel Akash
Auction Type:SARFAESI Auction
Guarantor Names:Rasikbhai Motibhai Patel
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Asarva, Ahmedabad, presents a decent investment opportunity given its location and size. The reserve price seems reasonable, but potential investors should thoroughly assess the market conditions and property specifics. This is a calculated opportunity suitable for those with a clear business plan for the location.
Contact Details
Branch:Branch Office : Branch Office : Ahmedabad
Service Provider:disposalhub.com
Contact Details:
Contact no:7573024297
