Ask anyone who drives down Gondal Road in Bhakti Nagar about the Swaminarayan Gurukul stretch, and sooner or later they will mention Jimmy Tower Rajkot. The building houses businesses of many kinds, and public business listings show commercial establishments using it for office and retail purposes.
Two bank auctions give us a rare look inside. Central Bank of India auctioned a fourth floor office property with a carpet area of 14.75 square metres and an auction deadline of 24 June 2025. Earlier, in August 2022, IIFL Home Finance Limited auctioned Shop No. 16, a ground floor unit linked to Kinjal Computers.
Both records now show the listing closed, so treat them as a historical auction reference, not as proof that any unit remains available for sale. Still, they tell you more about Jimmy Tower Rajkot than most brochures ever will.
Where Jimmy Tower Rajkot Sits
Jimmy Tower Rajkot stands on Gondal Road in Bhakti Nagar, Gujarat, opposite or close to Swaminarayan Gurukul, and most listings use the PIN code 360002. Offices, service providers and retail establishments fill this established commercial zone. You will also find more business addresses around Vitt Bhavan.
The land has a story too. A tender description traces the plot to an older property called Chandan Villa in City Survey Ward No. 7/2, carrying City Survey Nos. 3417 and 3428. The new construction on that land became the tower you see today.
A ground-floor commercial unit here can score well on customer access and visibility. However, you can’t judge commercial suitability from a map. Study the frontage, entrance position, pedestrian movement, parking and permitted use in person.
Why Businesses Choose Jimmy Tower Rajkot
The building offers an established commercial location in one of the city’s developed urban areas. Gondal Road connectivity links you to both the commercial and residential parts of the city through this major road corridor. A Gondal Road address also gives customers an easy reference point.
Public records list trading, professional and other commercial establishments here. Subject to local regulations and approved usage, owners use space for retail, office, distribution or consultancy work.
Professionals and investors will find multiple offices and commercial units across different floors of Jimmy Tower Rajkot. Still, road visibility, customer traffic, neighbouring businesses, building maintenance and local demand decide each unit’s real commercial potential. A weekday visit during peak hours tells you a lot.
The Street Around the Tower
Public business records list companies and shops working from individual shop and office numbers, including addresses such as No. 309 Jimmy Tower. This established commercial occupancy draws retailers, distributors, professional offices and service-based businesses.
Nearby, public business directories name medical stores, computer dealers and other establishments. If you plan a customer-facing business at Jimmy Tower Rajkot, this neighbourhood activity works in your favour.
Jimmy Tower Rajkot Property Details from Two Auctions
Office No. 415 is a commercial office on the 4th Floor, with a carpet area of 14.75 sq. m. and a built-up area of 17.70 sq. m. Central Bank of India acted as the auction authority under SARFAESI. The listing carries bank property ID CBIN13137, auction ID 136319 and tender reference 120573774.
The listing showed a tender value listed at ₹7,87,500, an EMD of ₹78,750 and an auction deadline of 24 June 2025. Keep the office number handy whenever you speak with the bank.
Shop No. 16 is an immovable commercial shop on the ground floor, with the existing name Kinjal Computers, near the overbridge, and it measures 211.918 sq. ft. IIFL Home Finance Limited served as the auction organisation. It set a reserve price of ₹9,32,800, an EMD of ₹93,280 and a bid increment of ₹20,000.
The auction date fell on 12 August 2022 and ran from 11:00 AM to 1:00 PM. The auction status now reads closed.
How Big Are the Units?
Office No. 415 counts as a compact commercial office, suitable for professional or small-business uses within building and local regulations. Before you decide, look hard at the usable internal space, common areas, lift availability and building facilities.
Shop No. 16 is a compact commercial unit that could host retail, service or other small commercial activities, depending on its approved use and physical layout. Prospective buyers should confirm the actual dimensions through official property documents and a physical inspection at Jimmy Tower Rajkot.
How the SARFAESI Auctions Worked
Under SARFAESI, secured creditors sell secured assets as part of recovery proceedings against a borrower. The Central Bank tender names the borrower as M/S Swastik Pipes, of Bamanbore Industrial Estate, GIDC, Taluka Chotila, District Surendranagar.
That background puts real weight on due diligence. Before you place a bid, study the official auction notice, possession status, outstanding statutory dues and the full terms of sale. Always rely on the latest official bank notice instead of an old listing.
The Shop No. 16 listing asked bidders for a PAN Card, Annexure 2 with bidder details, Annexure 3 as a declaration form, and proof of address. For any new auction at Jimmy Tower Rajkot, expect the documentation requirements and payment instructions to change.
Reserve Price and EMD
TendersOnTime records the office EMD at about 10% of the listed tender value. However, an aggregator website only mirrors data. The official sale notice carries the final reserve price, EMD payment instructions and bid conditions.
The shop auction listed no tender fee, used price bidding, and ran a five-minute auto-extension with unlimited extensions. Treat the shop figures as a historical 2022 auction snapshot, and treat the office figures as equally dated. Neither reflects a current market valuation for Jimmy Tower Rajkot.
Auction Timeline
The office sale carried a posting date of 10 June 2025, with the EMD start on 9 June 2025 and inspection on 20 June 2025 from 12:00 PM to 5:00 PM. Both the EMD deadline and the auction/tender deadline fell on 24 June 2025. The page now shows an expired tender.
The shop sale began with a press release date of 4 July 2022, followed by a property inspection on 8 August 2022 from 11:00 AM to 2:00 PM. The first-round quote submission deadline landed on 10 August 2022 at 5:00 PM. The auction start came on 12 August 2022 at 11:00 AM.
Is Anything Currently Available?
The office listing shows an expired tender, and BankeAuctions marks the shop auction as closed. Neither page proves that a unit at Jimmy Tower Rajkot remains currently available.
Contact the concerned bank or secured creditor, or look for an official current auction notice. That way, you learn whether each unit’s status reads sold, re-auctioned or withdrawn.
What to Check Before You Buy or Rent at Jimmy Tower Rajkot
Whether you plan on purchasing or leasing, never stop at an online listing. Confirm the exact shop number, floor, carpet area, ownership and title documents, approved commercial usage, and building and society permissions.
Next, check the electricity and water connections, maintenance charges, property tax status, parking availability, shop frontage and any existing tenancy. Also look for outstanding dues or legal disputes. These checks matter even more when you buy for investment rather than immediate business use.
On site, look at the actual office condition, lift availability, water and common facilities, parking arrangements, occupancy or possession status and any visible structural issues. Any future or renewed auction will likely come with a fresh inspection schedule, so ask for it early.
A bank-auction office demands complete documentation, including property tax records, encumbrance information, possession-related documents, building approval records and the auction terms and conditions. A qualified property lawyer can sort out title and legal issues and check for court or legal orders long before bidding starts.
Here’s the part many first-time bidders miss: an auction works very differently from a conventional resale property. Find out whether the bank holds physical possession or only symbolic possession. Then run a legal title search for claims and charges.
Finally, work out the total cost. Your acquisition cost includes registration charges, stamp duty, taxes, maintenance dues, utility dues and other statutory obligations. A financial adviser can explain the legal and financial implications of an auction purchase.
Jimmy Tower Rajkot as an Investment
Lease a shop to a good tenant and you earn rental income, or run an owner-operated business from it and build a permanent commercial presence. Your returns depend on the purchase price, rental demand, shop size, floor location and future development nearby.
Compare the asking price with similar units along Gondal Road before you sign. Also weigh how ground-floor shops perform against upper-floor units for a retail business. Budget for brokerage and renovation expenses too.
Final Thoughts
Jimmy Tower Rajkot holds its own in an established commercial part of the city, with multiple businesses inside and nearby commercial properties around it. If a unit interests you, verify the shop specifications, commercial permissions, pricing and current availability with the property owner or an authorized source.
The Office for Sale listing for Office No. 415 carried a tender value of ₹7.875 lakh, while Shop No. 16 carried a reserve price of ₹9,32,800. Both auctions have ended. Confirm current ownership through an up-to-date source before you make your Jimmy Tower Rajkot decision.
FAQs
Where is Jimmy Tower Rajkot located?
It stands on Gondal Road in Bhakti Nagar, Gujarat, opposite or near Swaminarayan Gurukul. Most listings use the PIN code 360002 for this area.
Is Jimmy Tower a commercial property?
Yes. Public business listings show shops and office-based establishments operating from the building. This confirms its commercial use.
Which banks auctioned units at Jimmy Tower Rajkot?
Central Bank of India auctioned Office No. 415, and IIFL Home Finance Limited auctioned Shop No. 16. Both ran their sales under a SARFAESI process.
Are the Jimmy Tower auctions still open?
No. The office tender expired on 24 June 2025, and the shop auction closed on 12 August 2022. Verify the current status directly with the lender.
What should I check before buying a shop in Jimmy Tower Rajkot?
Check the ownership and title documents, exact area, floor, commercial permissions and outstanding dues. Also review maintenance charges, parking, and any existing tenancy or legal issues.
