63.36 sq m Flat for Auction in Surat – IARC

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

63.36 sq m (≈ 682 sq ft)

Reserve price / sq ft

₹1,129

Locality

—

City

Surat

State

Gujarat

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

International Asset Reconstruction Company

Branch

ISARC 2025-2026-3 Trust

Auction type

SARFAESI Auction

Borrower

Mr. O***** C***** V*****

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

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹1,129 per sq ft. The average across residential bank auctions in Surat on our site is ₹2,843 per sq ft, so this one is 60% 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.