Industrial Land Building for Auction Bhiwandi Thane 55.6 Lakh by Punjab National Bank 26 May 2026
Bhiwandi, Thane
Area: 2240 sqft
Industrial Gala No. 1162/3 Ground Floor, New Good Luck Compound, Near Govt. Animal Hospital and Pranay Medical and General Store, Village Shelar, Mithpada, Bhiwandi, Tal Bhiwandi, Dist. Thane 421302
Punjab National Bank · ARMB,MUMBAI CITY
Reserve price
₹55,55,200
EMD ₹5,55,520
Auction date
26 May 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 2240 sqft
- ▸Locality: Bhiwandi
- ▸Reserve: ₹55,55,200
- ▸EMD: ₹5,55,520
Auction snapshot
| Possession | Symbolic |
| Property type | Industrial Land & Building · Industrials |
| Locality | Bhiwandi |
| Built-up / plot area | 2240 sqft |
| Lender | Punjab National Bank |
| Branch | ARMB,MUMBAI CITY |
| Unit / flat no. | 1162/3 |
| Building / society | New Good Luck Compound |
| Floor | Ground Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Industrial Land & Building bank auction in Bhiwandi, Thane by Punjab National Bank — reserve price ₹55,55,200, 2240 sqft, Symbolic possession.
Bank auction property! Industrial land and building for sale in Bhiwandi, Thane. This industrial gala is located at Gala No. 1162/3, Ground Floor, New Good Luck Compound, near Govt. Animal Hospital and Pranay Medical Store, Village Shelar. The property spans 2240 sqft and is ideal for industrial purposes. Punjab National Bank is conducting the auction with a reserve price of ₹5555200 and an EMD of ₹555520. Don't miss this opportunity to acquire a valuable industrial property through a bank auction.
GeoSquare note: The property is an industrial gala located in Bhiwandi, Thane, offered at a reserve price of ₹5555200 with symbolic possession. Its industrial use and location may appeal to specific investors, but the symbolic possession can introduce delays or legal hurdles. Overall, it is a fair option depending on investor risk appetite and location interest.
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