556.87 sq ft Flat for Auction in Surat – Hinduja Housing Finance Limited

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

556.87 sq ft

Reserve price / sq ft

₹1,443

Locality

—

City

Surat

State

Gujarat

Address

All that right title and interest in Flat No. 503 adm. about 556.87 sq.ft. i.e., 51.73 sq.mt. Super built up and 350.00 sq.ft. i.e., 32.53 sq.mt. built up situated on the 5th Floor of Madhuvan Palace constructed on land bearing plot no. 20 & 21 total adm. about 125.46 sq.mt. of Jay Yogeshwar Nagar organized on land bearing block no. 144 of Chalathan Sub District Palsana District Surat. Bounded by: North: Adjoining Passage, Flat no. 502, South: Adjoining Road, East: Adjoining Plot no. 22, West: Adjoining Flat no.504. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Hinduja Housing Finance Limited

Branch

Hinduja Housing Finance Limited, Ahmedabad - BO

Auction type

SARFAESI Auction

Borrower

Mr. P***** V*****

Auction start

17 Nov 2026, 03:00 PM

Auction end

17 Nov 2026, 05:00 PM

EMD submission deadline

16 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹1,443 per sq ft. The average across residential bank auctions in Surat on our site is ₹2,790 per sq ft, so this one is 48% 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), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹80,330 before 16 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 17 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.