Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612136
Bank Name:The Mehsana Urban Co-operative Bank Ltd.
Branch Name:Mehsana
Reserve Price:₹1,51,94,497
EMD:₹15,19,449
Bid Increment:₹25,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a prime commercial shop located in the bustling area of Sabarmati, Ahmedabad, Gujarat. The property is being auctioned by The Mehsana Urban Co-operative Bank Ltd. as part of a SARFAESI auction. Ideal for business ventures, this asset offers a strategic location within a well-developed commercial hub. The property is categorized as commercial and presents a significant investment opportunity in one of Ahmedabad's key areas.
State:Gujarat
City:Ahmedabad
Area:Sabarmati
Asset Category:Commercial
Full Address:Shop No. 6, Pushti Sparsh Arcade, Shop No. 6 on Ground floor, Pushti Sparsh Arcade, Sabarmati, Ahmedabad
Building/Society:Pushti Sparsh Arcade
Size:59.47 sq.mtrs
Auction Description
The Mehsana Urban Co-operative Bank Ltd. is conducting a SARFAESI auction for a commercial shop in Sabarmati, Ahmedabad. The auction is scheduled for November 25, 2025, with bidding open from 2:00 PM to 6:00 PM. The reserve price for this valuable commercial asset is ₹1,51,94,497.00, with an Earnest Money Deposit (EMD) of ₹15,19,449.00 required to participate. This is a unique chance to acquire a commercial property in a sought-after location in Gujarat.
Borrower Name:M/s Heer Associates
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ajaysinh Padamsinh Chauhan, Chandrikaben Laljibhai Solanki, Mrs. Arunaben Chavda
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in a decent location with a reasonable reserve price. However, further due diligence is recommended to assess the property's market value and potential returns, making it a calculated investment opportunity.
Contact Details
Branch:Branch Office : Mehsana
Service Provider:drt.auctiontiger.net
Contact Details:
Contact no:8347015611
