Commercial Building SARFAESI Auction Symbolic Possession

16,794 sq meter Commercial Building for Auction in Mahendranagar, Morbi – Canara

Mahendranagar, Morbi, Gujarat · Auction ID #86471

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Commercial Building for auction in Mahendranagar, Morbi – Canara – photo 1
Reserve Price ₹4,50,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 20 Nov 2026, 01:00 PM In 5 days
EMD Last Date 19 Nov 2026, 05:00 PM In 4 days
Area16,794 sq meter
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Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
16,794 sq meter (≈ 1,80,768 sq ft)
Reserve price / sq ft
₹249
Locality
Mahendranagar
City
Morbi
State
Gujarat
Pincode
363642
Address
Mahendranagar, Gujarat, 363642 View on map

Description (as per sale notice)

FACTORY LAND AND BUILDING

BAANKNET Property ID: CNRB305846914001
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Bank & Auction Details

Bank / Lender
Canara Bank
Branch
AHMEDABAD SPECIALISED ARM BRANCH
Auction type
SARFAESI Auction
Borrower
SUPERGRES T**** L**
Auction start
20 Nov 2026, 01:00 PM
Auction end
20 Nov 2026, 03:00 PM
EMD submission deadline
19 Nov 2026, 05:00 PM
Inspection
16 Nov 2026, 10:00 AM – 16 Nov 2026, 05:00 PM
Authorised officer
CHANDRA PRAKASH CHHIPA
Officer contact
8238091942
E-auction portal
BAANKNET (Property ID CNRB305846914001)
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Price Check

This listing's reserve price works out to ₹249 per sq ft. The average across commercial bank auctions in Morbi on our site is ₹6,937 per sq ft, so this one is 96% 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.
  2. Inspect the property on 16 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRB305846914001)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 20 Nov 2026 starting above the reserve price.
  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.

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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 Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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