Representative illustration — Commercial Building bank auction in Mehaigaon Kailash Nagar
Representative illustration — not the actual property photograph.
Commercial Building Commercial Symbolic possession Strong Buy

Commercial Building for Auction Mehaigaon Kailash Nagar Gwalior 68 Lakh by Union Bank of India 28 Jul 2026

Mehaigaon Kailash Nagar, Gwalior

Area: 2000 Sq. Ft.

Plot No.3, Block D, Part of Survey No. 870, Bearing Municipal Ward no.29, Village-Mehaigaon Kailash Nagar, Tehsil & District Gwalior, M.P.

Union Bank of India · Asset Recovery Branch Jabalpur

Reserve price

₹68,00,000

EMD ₹6,80,000

Auction date

28 Jul 2026, 12:00 PM

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Quick read

  • Possession: Symbolic
  • Area: 2000 Sq. Ft.
  • Locality: Mehaigaon Kailash Nagar
  • Reserve: ₹68,00,000
  • EMD: ₹6,80,000

Auction snapshot

PossessionSymbolic
Property typeCommercial Building · Commercial
LocalityMehaigaon Kailash Nagar
Built-up / plot area2000 Sq. Ft.
LenderUnion Bank of India
BranchAsset Recovery Branch Jabalpur
Unit / flat no.Plot No.3, Block D
Auction typeSARFAESI Auction
Bid increment₹68,000
Service providerBAANKNET

About this property

Commercial Building bank auction in Mehaigaon Kailash Nagar, Gwalior by Union Bank of India — reserve price ₹68,00,000, 2000 Sq. Ft., Symbolic possession.

Discover a prime bank auction commercial property in Gwalior, Madhya Pradesh. Union Bank of India presents a commercial house constructed on Plot No.3, Block D, located in the thriving Mehaigaon Kailash Nagar area. This property, part of Survey No. 870 and bearing Municipal Ward No.29, boasts a substantial area of 2000 sq. ft. Ideal for businesses and investors, this commercial house offers significant potential. The e-auction is scheduled for 28.07.2026, from 12:00 PM to 05:00 PM, with a reserve price of ₹68,00,000.0 and an EMD of ₹6,80,000.0. The sale is on an 'As is where is' basis, making it a direct investment opportunity. Don't miss this chance to acquire a valuable commercial asset in Gwalior through a transparent bank auction.

GeoSquare note: This commercial house in Gwalior presents a strong investment opportunity due to its commercial nature and decent size (2000 sq. ft.). The location in Mehaigaon Kailash Nagar, Gwalior, offers good market potential. While the 'As is where is' possession status implies some buyer responsibility, the clear auction details and competitive reserve price make it an attractive option for commercial development or investment.

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