Ahmedabad - Auction Details
Subleased commercial office property at Tower No. 1, 4th Floor, Office Nos. 401 to 417, Info City Tower, CH-O Circle, Gandhinagar, Ahmedabad, measuring 38,000 sq. ft. The property is mortgaged to Punjab & Sind Bank, physical possession has been taken, and it is being sold under the SARFAESI Act on auction.
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About This Auction
Subleased commercial office property at Tower No. 1, 4th Floor, Office Nos. 401 to 417, Info City Tower, CH-O Circle, Gandhinagar, Ahmedabad, measuring 38,000 sq. ft. The property is mortgaged to Punjab & Sind Bank, physical possession has been taken, and it is being sold under the SARFAESI Act on an as-is-where-is, as-is-what-is and whatever-there-is basis for recovery of Rs. 358,49,44,752 due as on 31.08.2026, plus costs, charges and expenses. Known pending litigation includes SA No. 19/2013 before DRT 1 Kolkata and CS 217/2013 before the High Court of Calcutta. The reserve price is Rs. 135,000,000, the EMD is Rs. 13,500,000 and the bid increment is Rs. 1,350,000.
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About Ahmedabad
Ahmedabad, also spelled Amdavad, is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 makes it the fifth-most populous city in India, and the encompassing urban agglomeration population was estimated at 8,854,444 is the seventh-most populous in India. Ahmedabad is located near the banks of the Sabarmati River, 25 km (16 mi) from the capital... of Gujarat, Gandhinagar, also known as its twin city. Read More
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