8,331.2 sq meter Factory for Auction in Textile Park Of Gujarat Eco Textile Park Limited, Baleshwar, Taluka Palsana District Surat, Surat – SBI

Property Details

Property type

Factory (Industrial)

Possession

Physical Possession

Area

8,331.2 sq meter (≈ 89,676 sq ft)

Reserve price / sq ft

₹1,360

Locality

Textile Park Of Gujarat Eco Textile Park Limited, Baleshwar, Taluka Palsana District Surat

City

Surat

State

Gujarat

Pincode

395009

Address

Textile Park of Gujarat Eco Textile Park Limited, Baleshwar, Taluka Palsana District Surat, 395009 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SAMB AHMEDABAD-04199

Auction type

SARFAESI Auction

Borrower

NIRMAN I***** L*****

Auction start

30 Nov 2026, 11:00 AM

Auction end

30 Nov 2026, 04:00 PM

EMD submission deadline

30 Nov 2026, 03:50 PM

Inspection

12 Nov 2026, 12:30 PM – 21 Nov 2026, 02:30 AM

Authorised officer

PRAVIN PATEL

Officer contact

9427086580

E-auction portal

BAANKNET (Property ID SBIN366300001)

Price Check

This listing's reserve price works out to ₹1,360 per sq ft. The average across industrial bank auctions in Surat on our site is ₹5,543 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.
2. Inspect the property on 12 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN366300001)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 30 Nov 2026, 03:50 PM. It is refunded if you don't win.
5. Bid online on 30 Nov 2026 starting above the reserve price.
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.