Representative illustration — Industrial Land & Building bank auction in Shelar, Mithpada
Representative illustration — not the actual property photograph.
Industrial Land & Building Industrials Symbolic possession Fair Option

Industrial Land Building for Auction Shelar Mithpada Thane 44.7 Lakh by Punjab National Bank 16 Jun 2026

Shelar, Mithpada, Thane

Area: 1800.60 sqft

Industrial Gala No. 1161/6, 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

₹44,65,500

EMD ₹4,46,550

Auction date

16 Jun 2026, 11:00 AM

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Quick read

  • Possession: Symbolic
  • Area: 1800.60 sqft
  • Locality: Shelar, Mithpada
  • Reserve: ₹44,65,500
  • EMD: ₹4,46,550

Auction snapshot

PossessionSymbolic
Property typeIndustrial Land & Building · Industrials
LocalityShelar, Mithpada
Built-up / plot area1800.60 sqft
LenderPunjab National Bank
BranchARMB,MUMBAI CITY
Unit / flat no.1161/6
Building / societyNew Good Luck Compound
FloorGround Floor
Auction typeSARFAESI Auction
Bid increment₹25,000
Service providerBAANKNET

About this property

Industrial Land & Building bank auction in Shelar, Mithpada, Thane by Punjab National Bank — reserve price ₹44,65,500, 1800.60 sqft, Symbolic possession.

Bank auction property! Industrial land and building for sale in Bhiwandi, Thane. Located in New Good Luck Compound, Shelar, Mithpada, this property offers 1800.60 sqft of space. Punjab National Bank invites bids for this prime industrial asset with a reserve price of ₹4465500 and an EMD of ₹446550. Don't miss this opportunity to invest in a strategically located industrial property. Contact us today for more details and to participate in the e-auction on June 16, 2026.

GeoSquare note: The property is an industrial land and building located in Bhiwandi, Thane, with a moderate reserve price. The symbolic possession might require additional legal steps for complete ownership. Considering its location and type, it represents a fair investment opportunity, but potential buyers should carefully assess the risks associated with symbolic possession before bidding.

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