Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.9
Auction ID:613775
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 Vapi, Valsad, Gujarat. It is being auctioned by Punjab National Bank as part of a SARFAESI auction. The plot is offered as an asset of the borrower M/s R.R.Plast. This presents a potential opportunity for investment or development in a key industrial and residential area of Gujarat.
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 will take place on 20-11-2025, starting at 11:00 AM and ending at 04:00 PM. The reserve price for this property is INR 709,000, with an Earnest Money Deposit (EMD) of INR 71,000 required to participate. This is a prime opportunity to acquire a plot in a developing region through a bank-led auction process.
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, with a relatively low reserve price. However, it is under symbolic possession and has some encumbrances that need to be considered. It presents a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no:9729225088
