1,961 sq ft Commercial Building for Auction in Surat – KVB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

1,961 sq ft

Reserve price / sq ft

₹1,275

Locality

—

City

Surat

State

Gujarat

Address

Item No: 2 All that part and parcel (Property details as per MOD) commercial land and building property situated at Gala No. 218 ( As per Booking Plan Gala No. 217) on the 2" Floor, Shivanjali Embroidery Park, Situated at : Variyav, Bearing Revenue Survey No. 910, Block No. 855, T.P. Scheme No. 46 (Gothan- Bharthana- Kosad-Variyav) Final Plot No. 279, Paiki Plot No. 18 With undivided Share of Land 26.70 Sq.mtr of village : Variyav, Taluka Surat City (Adajan), District: Surat, Gujarat, standing in the name of Mr. SANJAYKUMAR VAJUBHAI SAKARIYA. Boundaries of the site: East: Gala No. 217 West: Gala No. 219 North: Final Plot No. 277 South: Internal Road Admeasuring Total Built Up area & Carpet area of Item No:1 & Item No:2: Total Carpet Area: 1961.32 Sq. Feet Total Built Up Area: 2098.63 Sq. Feet View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Kalbadevi Branch

Auction type

SARFAESI Auction

Borrower

M/s F**** M*****

Auction start

10 Dec 2026, 11:00 AM

Auction end

10 Dec 2026, 12:00 PM

EMD submission deadline

09 Dec 2026, 03:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2453259

Price Check

This listing's reserve price works out to ₹1,275 per sq ft. The average across commercial bank auctions in Surat on our site is ₹5,910 per sq ft, so this one is 78% 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.
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 (4Closure · Listing 2453259), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,50,000 before 09 Dec 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 10 Dec 2026 starting above the reserve price, in multiples of ₹50,000.
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.