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Residential Plot SARFAESI Auction

88 sq m Residential Plot for Auction in Village Palsana, Surat – Assets Care And Reconstruction Enterprise Limited

Village Palsana, Surat, Gujarat · Auction ID #110597

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Residential Plot for auction in Village Palsana, Surat – Assets Care And Reconstruction Enterprise LimitedRepresentative image – no photo published by the bank
Reserve Price ₹6,47,700
EMD (Earnest Money)₹64,770
Bid Increment₹5,000
Auction Date 20 Nov 2026, 02:30 PM In 6 days
EMD Last Date 19 Nov 2026, 04:00 PM In 5 days
Area88 sq m
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Property Details

Property type
Residential Plot (Residential)
Possession
Not specified
Area
88 sq m (≈ 947 sq ft)
Reserve price / sq ft
₹684
Locality
Village Palsana
City
Surat
State
Gujarat

Description (as per sale notice)

All That Piece And Parcel Of Non-agricultural Residential Open Plot Property Bearing Plot No. 194, Forming Part Of The Residential Scheme Known As "aradhana Lake Town Section-2", Developed On Land Bearing Block Nos. 3, 4, 5, 6, 7, 8, 9, 10, 12, 19 And 362, Which Upon Consolidation Came To Be Assigned New Block No. 3, Admeasuring in Aggregate Hectare 5-39 Ares 88 Sq. Mtrs. (53,988 Sq. Mtrs.), Situated At Moje Village Palsana, Sub-district Palsana, District Surat, State Of Gujarat. The Said Plot Is Earmarked For Residential Purposes And Bears Plot No. 194, Admeasuring Approximately 46.66 Sq. Mtrs., Corresponding To Block No. 3/194 Having An Area Of Approximately 39.01 Sq. Mtrs. As Per Record. The Property Consists Of Open Land Together With The Proportionate Undivided Share Of 25.68 Sq. Mtrs. In Roads, Road Area, Cop And Common Amenities, And All Rights, Title, Interest, Easements, Liberties, Privileges And Appurtenances Attached Thereto. The Boundaries Of The Said Property Are: East-Society Internal Road; West-Plot No. 185; North-Plot No. 193; South-Plot No. 195. Together With All Internal And External Rights, Benefits And Appurtenances Whatsoever Attached To Or Belonging To The Said Property
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Bank & Auction Details

Branch
Assets Care and Reconstruction Enterprise Limited, Mumbai - BO
Auction type
SARFAESI Auction
Borrower
Dipakkumar L*****
Auction start
20 Nov 2026, 02:30 PM
Auction end
20 Nov 2026, 03:30 PM
EMD submission deadline
19 Nov 2026, 04:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
E-auction portal
C1 India
View official sale notice
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Price Check

This listing's reserve price works out to ₹684 per sq ft. The average across residential bank auctions in Surat on our site is ₹2,790 per sq ft, so this one is 75% below 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 (open notice).
  2. Inspect the property on the inspection date given in the notice 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 ₹64,770 before 19 Nov 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 20 Nov 2026 starting above the reserve price, in multiples of ₹5,000.
  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 Assets Care And Reconstruction Enterprise Limited. Always verify every detail with the official notice and the authorised officer before paying any money.

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