Ranasan Industrial Area Plot Auction: Plot (52.01 sq ft) – Reserve ₹2.51 Lakh (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-363667
Property Description
The Ranasan Industrial Area plot auction listed by Punjab National Bank on the BAANKNET e-auction portal is one of the upcoming residential plot opportunities in Gujarat. On offer is a plot in Ranasan Industrial Area, Mahesana (PIN 384570), with 52.01 sq ft carpet area. The online auction runs on 6 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹2,51,000.
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.
Table of Contents
Table of Contents
Ranasan Industrial Area Plot Auction: Key Highlights
- Reserve price: ₹2,51,000 (₹2.51 Lakh)
- EMD: ₹25,100
- Bid increment: ₹5,000
- Auction: 6 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 6 October 2026, 3:00 PM
- Location: Ranasan Industrial Area, Mahesana, Gujarat
- Possession: Physical
Ranasan Industrial Area Plot Auction – Complete Details
| Auction ID | 363667 |
| Bank property ID | PUNB0DIVYAPATELPLOT44 |
| Bank | Punjab National Bank |
| Branch | Armb Ahmedabad 451700 |
| Property type | Residential – Plot |
| Carpet area | 52.01 sq ft |
| City / District | Ranasan Industrial Area, Mahesana |
| State | Gujarat |
| PIN code | 384570 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹2,51,000 |
| EMD | ₹25,100 |
| Bid increment | ₹5,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Ranasan Industrial Area
The property is located in Ranasan Industrial Area, Mahesana district, Gujarat (PIN 384570). 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 Armb Ahmedabad 451700, which is usually the best contact for site visits and local queries.
Is the Ranasan Industrial Area Plot Auction Worth It?
At the reserve price, the property works out to about ₹4,826 per sq ft of carpet area – compare this with recent resale rates in Ranasan Industrial Area before you bid. The EMD of ₹25,100 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Ranasan Industrial Area Plot Auction
- EMD submission opens: 21 September 2026
- Last date for EMD: 6 October 2026, 3:00 PM
- E-auction: 6 October 2026, 11:00 AM to 4:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 363667 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9426964578.
- Pay the EMD of ₹25,100 through the BAANKNET wallet before 6 October 2026, 3:00 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹5,000; 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
- Obtain the encumbrance certificate and verify the title chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Ranasan Industrial Area Plot Auction: FAQs
What is the reserve price in the Ranasan Industrial Area plot auction?
The reserve price is ₹2,51,000. Bids below the reserve price are not accepted.
When is the Ranasan Industrial Area plot auction scheduled?
The e-auction is on 6 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 6 October 2026, 3:00 PM.
How much EMD is required?
The earnest money deposit is ₹25,100. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Ranasan Industrial Area, Mahesana, Gujarat – 384570.
Where can I see the official sale notice?
Search Auction ID 363667 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Gujarat Auctions
- All Punjab National Bank auction listings
- More residential plot auctions
- Bank auctions in Gujarat
- Guide: reserve price bidding strategy
Source: Auction ID 363667 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Residential Plots |
|---|---|
| Land Area | 52.01 sq ft |
| Location | Ranasan Industrial Area, Mahesana, Mahesana, Gujarat |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 21 Sep 2026Auction Notice Published
- 6 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 11:00 AM to 4:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.