Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612765
Bank Name:Indian Bank
Branch Name:Zonal Office : Surat
Reserve Price:₹30,37,500
EMD:₹3,03,750
Bid Increment:₹10,000
Auction Time:10:00 AM to 5:00 PM
Service Provider:ebkray
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This is a residential flat located in Umarwada, Surat, Gujarat. It is being auctioned by Indian Bank under the SARFAESI Act. The property is ideal for individuals or families looking for a home in a well-established area of Surat. Details regarding the exact size, number of rooms, and floor level will be available in the detailed auction notice. Don't miss this opportunity to acquire a property in a prime location.
State:Gujarat
City:Surat
Area:Umarwada
Asset Category:Residential
Full Address:F-108, Shiv Krupa Textile Market, Shiv Krupa Textile Market, situated & constructed on the land bearing R.S. No.97, City Survey Nondh No.1511 Paiki, 1512, 1513 Paiki, 1514 & 1515, T.P. Scheme No.7 (Anjana) F.P. No.3 Paiki, 4, 5 Paiki, 6 & 7 of Ward, Umarwada, Surat
Building/Society:Shiv Krupa Textile Market
Size:15.33 Sq. Mtrs.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Umarwada, Surat, Gujarat. The auction has a reserve price of INR 30,37,500 and requires an EMD of INR 3,03,750. The auction will take place on November 26, 2025, starting at 10:00 AM and concluding at 5:00 PM. This is a significant opportunity for potential buyers to acquire a property through a transparent banking auction process. Please refer to the official auction documents for all terms and conditions.
Borrower Name:M/s Sawamani Poly Yarn
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sunita Sharma, Mool Chand Sharma
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in a textile market, which can be a good opportunity. However, the rating reflects a calculated approach due to the specific industry focus and reliance on the market's performance. The reserve price seems reasonable, but due diligence is essential to assess market demand and potential returns.
Contact Details
Branch:Branch Office : Zonal Office : Surat
Service Provider:ebkray
Contact Details:
Mr. Kumar Prashant
Contact no:9935390324
