Industrial Land Building for Auction Village Shelar Thane 50 Lakh by Punjab National Bank
Village Shelar, Thane
Area: 2240 sq. ft.
Industrial Gala No. 1162/3, New Good Luck Compound, Village Shelar, Mithpada, Bhiwandi, Tal Bhiwandi, Dist. Thane 421302
Punjab National Bank · Mumbai
Reserve price
₹50,00,000
EMD ₹5,00,000
Auction date
24 Aug 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 2240 sq. ft.
- ▸Locality: Village Shelar
- ▸Reserve: ₹50,00,000
- ▸EMD: ₹5,00,000
Auction snapshot
| Possession | Symbolic |
| Property type | Industrial Land & Building · Industrials |
| Locality | Village Shelar |
| Built-up / plot area | 2240 sq. ft. |
| Lender | Punjab National Bank |
| Branch | Mumbai |
| 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 Village Shelar, Thane by Punjab National Bank — reserve price ₹50,00,000, 2240 sq. ft., Symbolic possession.
Participate in this bank auction property event to acquire an industrial asset in Bhiwandi, Thane. This commercial industrial gala is located on the ground floor of New Good Luck Compound, Village Shelar, offering 2240 sq. ft. of space. Ideal for manufacturing or warehousing purposes, the property is situated near prominent local landmarks like the Government Animal Hospital. With a competitive reserve price of ₹50,00,000, this auction presents a lucrative opportunity for business owners and investors looking for industrial space in the Bhiwandi region. The e-auction is conducted by Punjab National Bank (PNB). Ensure timely EMD submission to participate in this secure bidding process for this prime industrial real estate asset.
GeoSquare note: The property offers a good industrial location in Bhiwandi with a reasonable reserve price for its size. However, the symbolic possession status and the nature of industrial real estate auctions suggest a need for thorough due diligence regarding legal encumbrances before bidding.
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