Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612073
Bank Name:IndusInd Bank
Branch Name:Mumbai
Reserve Price:₹54,44,000
EMD:₹5,44,000
Service Provider:Public Auction
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
A prime commercial shop located in the bustling area of Maninagar, Ahmedabad, Gujarat. This property is being auctioned by IndusInd Bank. Ideal for business ventures, it offers significant potential in a well-established commercial hub. The property is part of a SARFAESI auction, presenting a unique opportunity for investors and entrepreneurs.
State:Gujarat
City:Ahmedabad
Area:Maninagar
Asset Category:Commercial
Full Address:D1-3 and D-3, Swaminarayan Business Park, Final Plot No.29/1+30/1, 29/2, 30/2 paiki sub Plot No.2 of Town Planning Scheme No.62 (Narol-Ranipur) of Revenue Survey No.230/B/1, 229/1, 230/A/1, 230/B/2, 229/2 of Mouje Narol of Taluka, Maninagar, Ahmedabad
Building/Society:Swaminarayan Business Park
Size:35.41 sq. meters
Auction Description
IndusInd Bank is conducting a SARFAESI auction for a commercial shop in Maninagar, Ahmedabad. The auction will take place on December 5, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹54,44,000 with an Earnest Money Deposit (EMD) of ₹5,44,000. This is a valuable opportunity to acquire commercial space in a key Ahmedabad locality.
Borrower Name:Orange Alloy
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Chetankumar M Patel, Mrs. Jignasaben Chetankumar Patel
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The commercial shop in Maninagar presents a calculated opportunity given its location and size. The reserve price seems reasonable, but prospective buyers should assess the market value and potential rental yield. The property is encumbrance free, which is a positive aspect to consider.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Mr. Farhad Jiwani / Mr. Kamal Mishra
Contact no:9619900667/9819820760
