Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613424
Bank Name:Punjab National Bank
Branch Name:ARMB Branch : Surat
Reserve Price:₹32,40,000
EMD:₹3,24,000
Bid Increment:₹3,240
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:26-11-2025 11:00 AM
Property Description
A residential flat located in Nabipura, Bharuch, Gujarat, offered for auction by Punjab National Bank. This property is part of a SARFAESI auction. Ideal for individuals or families seeking a home in a well-established area. The property is situated in a region known for its developing infrastructure and accessibility.
State:Gujarat
City:Bharuch
Area:Nabipura
Asset Category:Residential
Full Address:Empire Heights, Empire Heights, Complex, Ground floor, Nabipura, Bharuch
Building/Society:Empire Heights
Size:122.74 sq. mtrs
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential flat in Nabipura, Bharuch, Gujarat. The auction will commence on 26-11-2025 at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this auction is INR 32,40,000, with an Earnest Money Deposit (EMD) of INR 3,24,000 required to participate. This is a prime opportunity to acquire property through a transparent bank auction process.
Borrower Name:M/S ALADDIN PIZZA
Auction Type:SARFAESI Auction
Guarantor Names:ABDULHANNAM SHAFIKAHMED KURESHI
Legal Details
Possession Status:Physical
Encumbrance Details:Further interest and Expenses Thereon- Recovery If any
Why This Property
The property is a commercial shop in a decent location, but the lack of specific auction dates and potential encumbrances require careful evaluation. The reserve price seems reasonable given the location and size, suggesting a potential for value appreciation.
Contact Details
Branch:Branch Office : ARMB Branch : Surat
Service Provider:BAANKNET
Contact Details:
Contact no: —
