25,431 sq meter Industrial Plot for Auction in Mahendranagar, Morbi – PNB

Property Details

Property type

Industrial Plot (Industrial)

Possession

Symbolic Possession

Area

25,431 sq meter (≈ 2,73,736 sq ft)

Reserve price / sq ft

₹385

Locality

Mahendranagar

City

Morbi

State

Gujarat

Pincode

363642

Address

Mahendranagar, Gujarat, 363642 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

ARMB RAJKOT830400

Auction type

SARFAESI Auction

Borrower

REAL C***** P***** L*****

Auction start

17 Nov 2026, 11:00 AM

Auction end

17 Nov 2026, 04:00 PM

EMD submission deadline

17 Nov 2026, 03:30 PM

Inspection

—

Authorised officer

DEEPAK KUMAR

Officer contact

8294343290

E-auction portal

BAANKNET (Property ID PUNB0REALCERAMICIP)

Price Check

This listing's reserve price works out to ₹385 per sq ft. The average across industrial bank auctions in Morbi on our site is ₹758 per sq ft, so this one is 49% 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 (BAANKNET (Property ID PUNB0REALCERAMICIP)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 17 Nov 2026, 03:30 PM. It is refunded if you don't win.
5. Bid online on 17 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.