Sarigam Factory Auction: Industrial Plot with Factory Building (269 sq ft) – Reserve null (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362684
Property Description
Looking for a factory below market price in Sarigam? The Sarigam factory auction by High Court ordered assets is scheduled for 6 Oct 2026. On offer is a industrial plot with factory building in Sarigam, Valsad (PIN 396155), with 269 sq ft carpet area. The online auction runs on 6 October 2026 (11:00 AM to 2:00 PM) with a reserve price of null.
The property is being sold under High Court Order Assets 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
Sarigam Factory Auction: Key Highlights
- Reserve price: null (null)
- EMD: ₹20,00,000
- Bid increment: ₹4,00,000
- Auction: 6 October 2026, 11:00 AM to 2:00 PM
- Last date for EMD: 30 September 2026, 5:00 PM
- Location: Sarigam, Valsad, Gujarat
- Possession: Physical
Sarigam Factory Auction – Complete Details
| Auction ID | 362684 |
| Bank property ID | OLMUM DAT LOT-1 |
| Bank | High Court ordered assets |
| Branch | The Official Liquidator, High Court Of Bombay- Branch Office |
| Property type | Industrial – Industrial Plot with Factory Building |
| Carpet area | 269 sq ft |
| City / District | Sarigam, Valsad |
| State | Gujarat |
| PIN code | 396155 |
| Type of possession | Physical |
| Type of action | High Court Order Assets |
| EMD | ₹20,00,000 |
| Bid increment | ₹4,00,000 |
| Auto-extension | 1 minutes per late bid |
About the Location – Sarigam
This listing falls in Sarigam, Valsad, Gujarat, postal code 396155. 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 The Official Liquidator, High Court Of Bombay- Branch Office, which is usually the best contact for site visits and local queries.
Is the Sarigam Factory Auction Worth It?
Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Sarigam Factory Auction
- Inspection window: 23 September 2026, 11:00 AM to 23 September 2026, 1:00 PM
- EMD submission opens: 18 September 2026
- Last date for EMD: 30 September 2026, 5:00 PM
- E-auction: 6 October 2026, 11:00 AM to 2:00 PM
- Auto-extension: 1 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 362684 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9819438038.
- Pay the EMD of ₹20,00,000 through the BAANKNET wallet before 30 September 2026, 5:00 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹4,00,000; each late bid extends the auction by 1 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.
Sarigam Factory Auction: FAQs
What is the reserve price in the Sarigam factory auction?
The reserve price is null. Bids below the reserve price are not accepted.
When is the Sarigam factory auction scheduled?
The e-auction is on 6 October 2026 from 11:00 AM to 2:00 PM. The last date for EMD is 30 September 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹20,00,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Sarigam, Valsad, Gujarat – 396155.
Where can I see the official sale notice?
Search Auction ID 362684 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More High Court ordered assets and Gujarat Auctions
- All High Court ordered assets auction listings
- More factory auctions
- Bank auctions in Gujarat
- Guide: finance options for commercial auctions
Source: Auction ID 362684 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with High Court ordered assets 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 High Court Ordered Assets. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Land Area | 269 sq ft |
| Location | Sarigam, Valsad, Valsad, Gujarat |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 18 Sep 2026Auction Notice Published
- 23 Sep 2026Inspection Starts
- 23 Sep 2026Inspection Ends
- 30 Sep 2026Last Date for EMD Submission
- 6 Oct 2026, 11:00 AM to 2:00 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.