Land for Auction Punagam Surat 16 Lakh by Icici Bank
Punagam, Surat
Area: 462 sq. ft.
346, Polaris, Opp SMC Pumping Station, Canal BRTS Road, Punagam, Surat-395006
ICICI Bank · Branch Office:Surat
Reserve price
₹16,00,000
EMD ₹1,60,000
Auction date
19 Oct 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 462 sq. ft.
- ▸Locality: Punagam
- ▸Reserve: ₹16,00,000
- ▸EMD: ₹1,60,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Punagam |
| Built-up / plot area | 462 sq. ft. |
| Lender | ICICI Bank |
| Branch | Branch Office:Surat |
| Unit / flat no. | 346 |
| Building / society | Polaris |
| Auction type | SARFAESI Auction |
| Service provider | BidDeal.in |
About this property
Land bank auction in Punagam, Surat by ICICI Bank — reserve price ₹16,00,000, 462 sq. ft., Physical possession.
Explore this prime bank auction property located in Polaris, Punagam, Surat. This commercial shop, situated on Canal BRTS Road, offers a super built-up area of 462 sq.ft. Being auctioned by ICICI Bank, this asset is available for sale through a transparent e-auction process. The property is ideally located near key infrastructure and provides an excellent opportunity for investors looking for commercial real estate in Surat. The auction is scheduled for October 19, 2026, with physical possession held by the bank. Don't miss this opportunity to acquire a commercial space in a well-connected locality at an attractive reserve price of ₹16,00,000. Submit your EMD by October 17, 2026, to participate in this exclusive bank auction.
GeoSquare note: This property is a strong investment option due to its strategic location in the commercial hub of Punagam, Surat. With physical possession already taken by the bank, the legal risk is significantly lower for the buyer. The competitive reserve price for a 462 sq.ft. commercial unit makes it an attractive proposition for small business owners and investors.
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