6,725 sq ft Commercial Building for Auction in Morbi – IndusInd

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

6,725 sq ft

Reserve price / sq ft

₹727

Locality

—

City

Morbi

State

Gujarat

Address

Industrial Property with Land admeasuring 6725 square feet with Building thereon situated at Plot No,66. Revenue Survey No. 145. Jambudia, Morbi Taluka and District, Gujarat. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IndusInd Bank

Branch

IndusInd Bank Limited, One Indiabulls Centre, Elphinstone Road, Mumbai - BO

Auction type

SARFAESI Auction

Borrower

M/s N*** E***** P*****

Auction start

13 Oct 2026, 11:00 AM

Auction end

13 Oct 2026, 12:00 PM

EMD submission deadline

12 Oct 2026, 05:00 PM

Inspection

05 Oct 2026, 12:00 PM – 05 Oct 2026, 01:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹727 per sq ft. The average across commercial bank auctions in Morbi on our site is ₹2,648 per sq ft, so this one is 73% 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 5 Oct 2026 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 ₹4,88,000 before 12 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 13 Oct 2026 starting above the reserve price, in multiples of ₹25,000.
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.