Gondal Factory Auction: Industrial Plot with Factory Building – Reserve ₹75.92 Lakh (16 Oct 2026)

Looking for a factory below market price in Gondal? The Gondal factory auction by Central Bank of India is scheduled for 16 Oct 2026. On offer is a industrial plot with factory building in Gondal, Rajkot (PIN 360311). The online auction runs on 16 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹75,91,500.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Gondal Factory Auction: Key Highlights

• Reserve price: ₹75,91,500 (₹75.92 Lakh)
• EMD: ₹7,59,150
• Bid increment: ₹25,000
• Auction: 16 October 2026, 12:00 PM to 5:00 PM
• Last date for EMD: 16 October 2026, 4:00 PM
• Location: Gondal, Rajkot, Gujarat
• Possession: Symbolic

Gondal Factory Auction – Complete Details

Auction ID	367389
Bank property ID	CBIN057420
Bank	Central Bank of India
Branch	Gondal
Property type	Industrial – Industrial Plot with Factory Building
Locality	Vora Kotada Road, Gondal
City / District	Gondal, Rajkot
State	Gujarat
PIN code	360311
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹75,91,500
EMD	₹7,59,150
Bid increment	₹25,000
Auto-extension	10 minutes per late bid

About the Location – Gondal

The property is located in Gondal, Rajkot district, Gujarat (PIN 360311). Gujarat combines a strong manufacturing base with fast-growing cities such as Ahmedabad, Surat, Vadodara and Rajkot, which keeps demand steady for homes, shops and industrial plots. The handling branch is Gondal, which is usually the best contact for site visits and local queries.

Is the Gondal Factory Auction Worth It?

The EMD of ₹7,59,150 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Gondal Factory Auction

• Inspection window: 9 October 2026, 12:00 PM to 9 October 2026, 5:00 PM
• EMD submission opens: 30 September 2026
• Last date for EMD: 16 October 2026, 4:00 PM
• E-auction: 16 October 2026, 12:00 PM to 5:00 PM
• Auto-extension: 10 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 367389 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9687690011.
4. Pay the EMD of ₹7,59,150 through the BAANKNET wallet before 16 October 2026, 4:00 PM.
5. Log in on 16 October 2026 and bid above the reserve in steps of ₹25,000; each late bid extends the auction by 10 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
• Inspect machinery, if included, and confirm the inventory.
• Verify pollution, fire and factory licence requirements.
• Check pending electricity, water and statutory dues.
• Read our warehouse and godown buying guide before you bid.

Gondal Factory Auction: FAQs

More Central Bank and Gujarat Auctions

• All Central Bank of India auction listings
• More factory auctions
• Bank auctions in Gujarat
• Guide: finance options for commercial auctions

Source: Auction ID 367389 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Central Bank of India before bidding.