Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612139
Bank Name:The Mehsana Urban Co-operative Bank Ltd.
Branch Name:Mehsana
Reserve Price:₹63,99,000
EMD:₹6,39,900
Bid Increment:₹25,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a commercial shop located in the bustling Asarva area of Ahmedabad, Gujarat. The property is part of a SARFAESI auction conducted by The Mehsana Urban Co-operative Bank Ltd. on behalf of M/s Pranshul Industries. It presents a prime opportunity for businesses seeking a strategic location in a commercially active region of Ahmedabad.
State:Gujarat
City:Ahmedabad
Area:Asarva
Asset Category:Commercial
Full Address:Shop No.02, ANGEL ARCADE, Shop No.02 on Ground Floor, In the Scheme known as "ANGEL ARCADE", Asarva, Ahmedabad
Building/Society:ANGEL ARCADE
Size:36.69 Sq.Mtrs
Auction Description
The Mehsana Urban Co-operative Bank Ltd. is holding a SARFAESI auction for a commercial shop in Asarva, Ahmedabad. The auction will take place on November 25, 2025, starting at 02:00 PM and concluding at 06:00 PM. The reserve price is set at 63,99,000 INR, with an Earnest Money Deposit (EMD) of 6,39,900 INR. This is a significant opportunity to acquire commercial property in a desirable Ahmedabad location.
Borrower Name:M/s Pranshul Industries
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Vipulkumar Kantibhai Patel, Mrs. Khushali Priyank Vyas
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property, a commercial shop in Asarva, Ahmedabad, presents a calculated opportunity given its location and size. While the reserve price is moderate, the location could offer good returns. Further due diligence is recommended before bidding, considering the terms of the auction.
Contact Details
Branch:Branch Office : Mehsana
Service Provider:drt.auctiontiger.net
Contact Details:
Contact no:8347015611
