Factory Land and Building for Auction Matel Ahmedabad 8.3 Crore by Punjab National Bank
Matel, Ahmedabad
Area: 34394.00 sq. mtrs
Village: Matel, Taluka: Wankaner, Morbi
Punjab National Bank · ARMB
Reserve price
₹8,35,00,000
EMD ₹83,50,000
Auction date
24 Sep 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 34394.00 sq. mtrs
- ▸Locality: Matel
- ▸Reserve: ₹8,35,00,000
- ▸EMD: ₹83,50,000
Auction snapshot
| Possession | Physical |
| Property type | Factory land and Building · Industrials |
| Locality | Matel |
| Built-up / plot area | 34394.00 sq. mtrs |
| Lender | Punjab National Bank |
| Branch | ARMB |
| Unit / flat no. | S. No. 55P1, S.No 55P2 & S. No. 56P1 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Factory land and Building bank auction in Matel, Ahmedabad by Punjab National Bank — reserve price ₹8,35,00,000, 34394.00 sq. mtrs, Physical possession.
Participate in the Punjab National Bank auction for a prime industrial property in Matel, Wankaner, Morbi. This property comprises industrial land and a factory building spanning 34394.00 sq. mtrs with a built-up area of 31162.71 sq. mtrs. Ideal for industrial operations, this bank auction property offers a significant investment opportunity in the Morbi industrial corridor. The property is currently under physical possession. Interested buyers should note the reserve price of ₹8,35,00,000 and the auction date of 24th September 2026. Detailed site inspection is available on 22nd September 2026. Secure this industrial asset through the official PNB e-auction process.
GeoSquare note: While the property offers a substantial industrial footprint in a key manufacturing region, the presence of ongoing litigations under the Gujarat Land Grabbing Act and DRT cases introduces significant legal risk. Investors should conduct thorough due diligence regarding these encumbrances before participating in the auction.
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