Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613773
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. The property is being auctioned by Punjab National Bank as part of a SARFAESI auction. It offers a prime opportunity for development in a growing area.
State:Gujarat
City:Valsad
Area:Vapi
Asset Category:Residential
Full Address:Shop no.5, Naaz Park, Shop no.5, Naaz Park, C Building, Karwad, 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 will take place on November 20, 2025, from 11:00 AM to 4:00 PM. The reserve price is ₹7,09,000, with an Earnest Money Deposit (EMD) of ₹71,000. This auction presents a chance to acquire a valuable plot in a strategically important industrial region.
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
The property is a commercial shop in Vapi, Gujarat, offered at a relatively low reserve price. While the location may have potential, the symbolic possession status and the age of construction present moderate risks. A calculated investment approach is advisable.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no:9729225088
