16.64 sq m Commercial Building for Auction in Rajkot – Protium Finance Limited

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

16.64 sq m (≈ 179 sq ft)

Reserve price / sq ft

₹19,588

Locality

—

City

Rajkot

State

Gujarat

Address

Property 2: All That Piece And Parcel Of Property Being A Shop No. U/16 On Upper Ground Floor Having A 16.64 Sq. Mtrs In "Akasha Complex (Neptune Tower) Constructed On Plot No. 1 To 6 Situated At Rajkot Revenue Survey No. 454/1-2, TPS No. 1, FP No. 58P, City Survey Ward No. 15, City Survey No. 4384 To 4389/P In Sub-Dist. Dist. Rajkot In The State Of Gujarat And Bounded As: North: Common Passage; South: Shop No. U/14; East: Shop No. U/11; West: Common Passage. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Protium Finance Limited

Branch

Goregaon E

Auction type

SARFAESI Auction

Borrower

Maruti E*****

Auction start

28 Oct 2026, 11:00 AM

Auction end

28 Oct 2026, 02:00 PM

EMD submission deadline

27 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2410263

Price Check

This listing's reserve price works out to ₹19,588 per sq ft. The average across commercial bank auctions in Rajkot on our site is ₹10,109 per sq ft, so this one is 94% above 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.
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 (bankauctions.in (4Closure) · Listing 2410263), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,50,840 before 27 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 28 Oct 2026 starting above the reserve price, in multiples of ₹5,000.
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.