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48 sq m Shop for Auction in Kundla, Amreli – IARC

Kundla, Amreli, Gujarat · Auction ID #3184

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Reserve Price ₹7,20,000
EMD (Earnest Money)₹72,000
Bid Increment₹15,000
Auction Date 09 Oct 2026, 11:00 AM In 9 days
EMD Last Date 08 Oct 2026, 05:00 PM In 8 days
Area48 sq m

Property Details

Property type
Shop (Commercial)
Possession
Not specified
Area
48 sq m (≈ 516 sq ft)
Reserve price / sq ft
₹1,394
Locality
Kundla
City
Amreli
State
Gujarat

Description (as per sale notice)

ALL THE PIECE AND PARCEL OF IMMOVABLE PROPERTY A COMMERCIAL SHOP BEARING CITY SURVEY NO. 243/1: CITY SURVEY WARD NO. “SAVARKUNDLA-1”, SHEET NO. 13, BUILDING KNOW AS “SHREE RAM CORPORATION ON LAND AREA ADMEASURING 20-48 SQ. MTRS. OF SHOP NO.39 VILLAGE: KUNDLA; TALUKA SAVARKUNDLA, DIST.- AMRELI OF GUJARAT STATE AND BOUNDED AS FOLLOWS AS: NORTH: ROAD; SOUTH: PRIVATE CHAWL; EAST: SHOP NO. 40; WEST: OPEN SPACE OF SHREE RAM CORPORATION ALL THE PIECE AND PARCEL OF IMMOVABLE PROPERTY A COMMERCIAL SHOP BEARING CITY SURVEY NO. 243/1; CITY SURVEY WARD NO. "SAVARKUNDLA - 1", SHEET NO. 13, BUILDING KNOWN AS "SHREE RAM CORPORATION"; CONSTRUCTED ON LAND AREA ADMEASURING 16-72 SQ. MTRS. OF SHOP NO. 40 OF VILLAGE: KUNDLA; TALUKA: SAVARKUNDLA, DIST. AMRELI OF GUJARAT STATE. NORTH: ROAD; SOUTH: PRIVATE CHAWL; EAST: SHOP NO. 41; WEST: SHOP NO. 39. OWNED BY: MR. AZAZHUSEN MUSABHAI BAVAKA

Bank & Auction Details

Branch
ISARC 2025-2026-3 Trust
Auction type
SARFAESI Auction
Borrower
Azazhusen M***** B*****
Auction start
09 Oct 2026, 11:00 AM
Auction end
09 Oct 2026, 01:00 PM
EMD submission deadline
08 Oct 2026, 05:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹1,394 per sq ft. The average across commercial bank auctions in Amreli on our site is ₹6,683 per sq ft, so this one is 79% 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 (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹72,000 before 08 Oct 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 9 Oct 2026 starting above the reserve price, in multiples of ₹15,000.
  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.

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 International Asset Reconstruction Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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