Industrial Land Building for Auction Shelar Mithpada Thane 55.6 Lakh by Punjab National Bank 16 Jun 2026
Shelar, Mithpada, 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
16 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 2240 sqft
- ▸Locality: Shelar, Mithpada
- ▸Reserve: ₹55,55,200
- ▸EMD: ₹5,55,520
Auction snapshot
| Possession | Symbolic |
| Property type | Industrial Land & Building · Industrials |
| Locality | Shelar, Mithpada |
| 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 Shelar, Mithpada, Thane by Punjab National Bank — reserve price ₹55,55,200, 2240 sqft, Symbolic possession.
Bank auction property! Seize this opportunity to acquire an industrial land and building in Bhiwandi, Thane. The property, located in New Good Luck Compound, Shelar, Mithpada, features Industrial Gala No. 1162/3 on the ground floor with an area of 2240 sqft. The auction by Punjab National Bank has a reserve price of ₹5555200.0 and an EMD of ₹555520.0. Don't miss out on this prime industrial space for sale. Perfect for investors seeking commercial shop for sale or industrial assets in the thriving Bhiwandi area. Auction date: 2026-06-16.
GeoSquare note: The property is an industrial unit in Bhiwandi, a key industrial area near Mumbai, offered at a moderate reserve price. However, the symbolic possession and unknown encumbrances introduce a degree of risk. It's a fair option for investors familiar with the local market and willing to conduct due diligence.
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