Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609171
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹6,60,00,000
EMD:₹66,60,000
Bid Increment:₹10,000
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
This is a commercial shop located in Surat, Gujarat, being auctioned by Canara Bank. The property is part of a SARFAESI auction. It is ideal for business ventures seeking a prime location in a bustling city.
State:Gujarat
City:Surat
Area:Surat
Asset Category:Commercial
Full Address:402, DR World Mall, Shop No. 402, 4th Floor, DR World Mall, Near AAI Mata Temple, Paniar Patiya, Surat, Paniar Patiya, Surat
Building/Society:DR World Mall
Size:4565 Sq ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a commercial shop in Surat, Gujarat. The auction will take place on November 18, 2025, from 1:00 PM to 3:00 PM. The reserve price is INR 6,600,000, with an Earnest Money Deposit (EMD) of INR 666,000. This is a great opportunity to acquire commercial real estate in a key business hub.
Borrower Name:M/s Sai Satya Enterprise Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Purnendu Pani, Mrs. Nilima Pani, Mr. Anupam Pani
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Surat's DR World Mall offers substantial space and physical possession, indicating immediate usability. The location in a known mall adds to its attractiveness. Given the reserve price and potential rental yield in the area, this property presents a solid investment opportunity.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
