42.19 sq meter Flat for Auction in Kosad, Surat – BOI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

42.19 sq meter (≈ 454 sq ft)

Reserve price / sq ft

₹1,735

Locality

Kosad

City

Surat

State

Gujarat

Pincode

394107

Address

KOSAD, Surat, Gujarat, 394107 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

BOMBAY MARKET (SME)-2704

Auction type

SARFAESI Auction

Borrower

Mehul K**** K***** V*****

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 04:00 PM

Inspection

19 Nov 2026, 11:00 AM – 19 Nov 2026, 04:00 PM

Authorised officer

Syed Khatib Ahmad

Officer contact

9935998880

E-auction portal

BAANKNET (Property ID BKID000MEHUL)

Price Check

This listing's reserve price works out to ₹1,735 per sq ft. The average across residential bank auctions in Surat on our site is ₹2,790 per sq ft, so this one is 38% 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 19 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKID000MEHUL)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 26 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.