Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613774
Bank Name:Punjab National Bank
Branch Name:ARMB Branch : Surat
Reserve Price:₹7,09,000
EMD:₹71,000
Bid Increment:₹7,100
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This is a residential plot located in the industrial hub of Vapi, Valsad, Gujarat. Situated in a well-developed area, the plot offers excellent connectivity and potential for residential development. Proximity to essential amenities, educational institutions, and commercial centers makes it an attractive investment opportunity. The property is being auctioned by Punjab National Bank.
State:Gujarat
City:Valsad
Area:Vapi
Asset Category:Residential
Full Address:Shop no.5, Naaz Park, Shop no.5, Naaz Park, C Building, Kharwad, Vapi, Karwad, Vapi
Building/Society:Naaz Park
Size:500.00 sq.fts
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Vapi, Valsad, Gujarat. The auction has a reserve price of INR 7,09,000 and requires an EMD of INR 71,000. This is a significant opportunity for investors and developers looking to acquire a property in a prime location. The auction will be held online on November 20, 2025, from 11:00 AM to 4:00 PM. The property was formerly mortgaged by M/s R.R.Plast.
Borrower Name:M/s R.R.Plast
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Nasim Laikahmed Shaikh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This shop in Vapi presents a calculated opportunity given its location and price. The symbolic possession and auction terms require careful consideration, but the reserve price relative to the property size may offer potential value.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no:9729225088
