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Flat SARFAESI Auction

616 sq ft Flat for Auction in Village Jolwa, Surat – IARC

Village Jolwa, Surat, Gujarat · Auction ID #3193

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Reserve Price ₹7,70,000
EMD (Earnest Money)₹77,000
Bid Increment₹15,000
Auction Date 09 Oct 2026, 11:00 AM In 7 days
EMD Last Date 08 Oct 2026, 05:00 PM In 6 days
Area616 sq ft

Property Details

Property type
Flat (Residential)
Possession
Not specified
Area
616 sq ft
Reserve price / sq ft
₹1,250
Locality
Village Jolwa
City
Surat
State
Gujarat

Description (as per sale notice)

ALL THE PIECE AND PARCEL OF FLAT NO 509 ON THE 5TH FLOOR ADMEASURING 616 SQ. FEET SUPER BUILT-UP AREA, 338 SQ FTS I.E. 31.51 SQ.MTS. BUILT UP AREA, ALONG WITH 6.80 SQ.MTS. UNDIVIDED SHARE IN THE LAND OF "SHREE KRISHNA RESIDENCY, BUILDING NO. A OF ARADHNA GREEN LAND", SITUATE AT BLOCK NO. 247 ADMEASURING 42928 SQ.MTS, PAIKI PLOT NO .314 TO 334, OF MOJE VILLAGE JOLWA, TAL: PALSANA, DIST: SURAT, BOUNDED BY ON THE NORTH: FLAT NO. A/508, ON THE EAST:- ROAD, ON THE SOUTH:- ROAD, ON THE WEST:- FLAT NO. - A/510. OWNED BY, MRS. MANASI PRASANTA ROUT & MR. PRASHANTKUMAR DAITARI ROUT

Bank & Auction Details

Branch
ISARC 2025-2026-3 Trust
Auction type
SARFAESI Auction
Borrower
Mr. P***** K**** D***** R***
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 ₹1,250 per sq ft. The average across residential bank auctions in Surat on our site is ₹2,822 per sq ft, so this one is 56% 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 ₹77,000 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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