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47.71 sq m Shop for Auction in Surendranagar – IARC

Surendranagar, Gujarat · Auction ID #110581

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Shop for auction in Surendranagar – IARCRepresentative image – no photo published by the bank
Reserve Price ₹29,20,000
EMD (Earnest Money)₹2,92,000
Bid Increment₹25,000
Auction Date 18 Nov 2026, 11:00 AM In 6 days
EMD Last Date 17 Nov 2026, 05:00 PM In 5 days
Area47.71 sq m
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Property Details

Property type
Shop (Commercial)
Possession
Not specified
Area
47.71 sq m (≈ 513 sq ft)
Reserve price / sq ft
₹5,686
Locality
—
State
Gujarat

Description (as per sale notice)

All the right, title, and interest in Second Floor Shop No. 09 Paiki (southern side portion), being Shop No. 9/B, admeasuring 47.71 Sq. Mtrs., along with rights of terrace, forming part of "Jay Somnath Complex", bearing Surendranagar City Survey No. 1511 Paiki of Ward No. 1, situated opposite Mela Na Medan, Malhar Chowk, Surendranagar, within the municipal limits of Surendranagar-Dudhrej-Wadhwan Municipality, and belonging to Dudhrejiya Jayaben Ajitbhai, and bounded as under: on the East by 10.795 meters wide road, on the West by 10.795 meters wide common walking passage of the shopping centre and 4.42 meters wide remaining portion of Shop No. 9 Paiki, and on the South by land bearing City Survey No. 1526.
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Bank & Auction Details

Branch
ISARC 2025-2026-3 Trust
Auction type
SARFAESI Auction
Borrower
AJITBHAI S***** D*****
Auction start
18 Nov 2026, 11:00 AM
Auction end
18 Nov 2026, 01:00 PM
EMD submission deadline
17 Nov 2026, 05:00 PM
Inspection
12 Nov 2026, 11:00 AM – 12 Nov 2026, 05:00 PM
Authorised officer
—
Officer contact
—
E-auction portal
C1 India
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Price Check

This listing's reserve price works out to ₹5,686 per sq ft. The average across commercial bank auctions in Surendranagar on our site is ₹3,850 per sq ft, so this one is 48% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

  1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
  2. Inspect the property on 12 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹2,92,000 before 17 Nov 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 18 Nov 2026 starting above the reserve price, in multiples of ₹25,000.
  6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with International Asset Reconstruction Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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