Flat SARFAESI Auction

629 sq ft Flat for Auction in Surat – IARC

Surat, Gujarat · Auction ID #3187

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Reserve Price ₹7,50,000
EMD (Earnest Money)₹75,000
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
Area629 sq ft

Property Details

Property type
Flat (Residential)
Possession
Not specified
Area
629 sq ft
Reserve price / sq ft
₹1,192
Locality
—
City
Surat
State
Gujarat

Description (as per sale notice)

ALL THE PIECE AND PARCEL OF FLAT NO .504, ON 5TH FLOOR, ADMEASURING 629 SQ.FT SUPER BUILT-UP AREA AND 346 SQ FT I.E. 32.16 SQ MTS BUILT-UP AREA, TOGETHER WITH UNDIVDED PROPORTIONATE SHARE ADMEASURING 8.64 SQ. MTS IN UNDERNEATH LAND OF BUILDING NO. B (AS PER PASSING PLAN BUILDING NO. A) OF "SHREE KRISHNA RESIDENCY", CONSTRUCTED ON PLOT NO. 314 TO 334 IN AARADHANA GREEN LAND, SITUATED ON THE LAND BEARING BLOCK NO. 247, ADMEASURING 42929 SQ MTS OF VILAGE: JOLWA, SUB- DISTRICT: PALSANA DISTRICT: SURAT. AND BOUNDED AS FOLLOWS THAT IS TO SAY: EAST- FLAT NO B /501 AND PASSAGE, WEST: BUILDING NO C, NORTH LIFT AND FLAT NO B/505, SOUTH:- FLAT NO B.

Bank & Auction Details

Branch
ISARC 2025-2026-3 Trust
Auction type
SARFAESI Auction
Borrower
Vinod B**** 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
—

Price Check

This listing's reserve price works out to ₹1,192 per sq ft. The average across residential bank auctions in Surat on our site is ₹2,843 per sq ft, so this one is 58% 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 ₹75,000 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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