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Land SARFAESI Auction

64 sq m Land for Auction in Village Kareli, Surat – Assets Care And Reconstruction Enterprise Limited

Village Kareli, Surat, Gujarat · Auction ID #110618

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Land for auction in Village Kareli, Surat – Assets Care And Reconstruction Enterprise LimitedRepresentative image – no photo published by the bank
Reserve Price ₹5,13,000
EMD (Earnest Money)₹51,300
Bid Increment₹5,000
Auction Date 27 Nov 2026, 02:30 PM In 13 days
EMD Last Date 26 Nov 2026, 04:00 PM In 12 days
Area64 sq m
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Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
64 sq m (≈ 688 sq ft)
Reserve price / sq ft
₹745
Locality
Village Kareli
City
Surat
State
Gujarat

Description (as per sale notice)

ALL THAT PIECE AND PARCEL OF IMMOVABLE PROPERTY SITUATED AT DISTRICT SURAT, SUB-DISTRICT AND TALUKA PALSANA, MOJE VILLAGE KARELI, BEARING BLOCK NOS. 74 AND 75, WHICH UPON AMALGAMATION HAVE FORMED NEW BLOCK NO. 74, ADMEASURING HECTARE 2-80-64 SQ. MTRS. (28,064 SQ. MTRS.) OF NON-AGRICULTURAL LAND MEANT FOR RESIDENTIAL PURPOSES, KNOWN AS "ARADHANA PLATINUM DIVISION-1". OUT OF THE PLOTS CARVED OUT FOR RESIDENTIAL PURPOSES IN THE SAID SCHEME, PLOT NO. 251, ADMEASURING 48.00 SQ. MTRS., COMPRISING 40.18 SQ. MTRS. OF OPEN LAND, TOGETHER WITH 23.70 SQ. MTRS. UNDIVIDED PROPORTIONATE SHARE IN ROAD/C.O.P. LAND, ALONG WITH ALL EASEMENTARY, INTERNAL AND EXTERNAL RIGHTS APPURTENANT THERETO. THE SAID PROPERTY IS BOUNDED AS UNDER: EAST BY SOCIETY INTERNAL ROAD, WEST BY PLOT NO. 212, NORTH BY PLOT NO. 250 AND SOUTH BY PLOT NO. 252.
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Bank & Auction Details

Branch
Assets Care and Reconstruction Enterprise Limited, Mumbai - BO
Auction type
SARFAESI Auction
Borrower
Ishar R**** Y****
Auction start
27 Nov 2026, 02:30 PM
Auction end
27 Nov 2026, 03:30 PM
EMD submission deadline
26 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 ₹745 per sq ft. The average across land & agricultural bank auctions in Surat on our site is ₹2,096 per sq ft, so this one is 64% 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 ₹51,300 before 26 Nov 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 27 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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