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1531.08 square meter Hotel for sale in Scheme known as "SAI SAPPHIRE SQUARE",…

Gandhinagar., Gandhinagar, Gujarat – 382424

State Bank of India · SARB AHMEDABAD-05181

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹23,06,00,000
EMD
₹2,30,60,000
Bid increment
₹1,00,000
Area
16,481 sq ft
Price per sq ft
₹13,992

Key dates

  1. Inspect the property17 Oct 2026, 2:00 PM – 17 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by27 Oct 2026, 5:00 PM
  3. Auction27 Oct 2026, 12:00 PM – 5:00 PM · in 12 days

What you'd pay at the reserve price

EMD, before the auction
₹2,30,60,000
Rest of 25% when you win (same or next day)
₹3,45,90,000
Balance 75%, usually within 15 days
₹17,29,50,000
Stamp duty and registration (about 5–8%, varies by state)
₹1.15 Cr – ₹1.84 Cr

You may bid above the reserve in steps of ₹1,00,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Commercial · Hotel
Possession
Physical
Auction type
Bank sale (SARFAESI)
Address
Scheme known as "SAI SAPPHIRE SQUARE" ,T.P. Scheme No. 76/B (Chandkheda) situated at Mouje Village Chandkheda, Taluka: Sabarmati, in the district of Ahmedabad and registration sub district Ahmedabad - 2 (Vadaj) within the state of Gujarat.
Borrower
MOHANDAS SONS BUILDERS

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