Representative illustration — Plot bank auction in Mangrul
Representative illustration — not the actual property photograph.
Plot Residential Symbolic possession Fair Option

Plot for Auction Mangrul Nagpur 51.5 Lakh by Punjab National Bank 23 Jun 2026

Mangrul, Nagpur

Area: 2864 Sq. Mtrs.

Residential Plots No. 8, 9, 18, 19 & 79 to 88 (Total 14Plots), Mouza- Mangrul, P.S.K. No.- 73, Village- Mangrul

Punjab National Bank · SAMB, Mumbai

Reserve price

₹51,50,000

EMD ₹5,15,000

Auction date

23 Jun 2026, 11:00 AM

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Quick read

  • Possession: Symbolic
  • Area: 2864 Sq. Mtrs.
  • Locality: Mangrul
  • Reserve: ₹51,50,000
  • EMD: ₹5,15,000

Auction snapshot

PossessionSymbolic
Property typePlot · Residential
LocalityMangrul
Built-up / plot area2864 Sq. Mtrs.
LenderPunjab National Bank
BranchSAMB, Mumbai
Unit / flat no.8, 9, 18, 19 & 79 to 88
Building / societyJagdamba Pride
Auction typeSARFAESI Auction
Bid increment₹1,00,000
Service providerBAANKNET

About this property

Plot bank auction in Mangrul, Nagpur by Punjab National Bank — reserve price ₹51,50,000, 2864 Sq. Mtrs., Symbolic possession.

Bank auction property! Grab the opportunity to own 14 residential plots in the 'Jagdamba Pride' layout at Mangrul, Nagpur. These plots, total admeasuring 2864 Sq. Mtrs., are being auctioned by Punjab National Bank. The reserve price is ₹5150000, with an EMD of ₹515000. The e-auction is scheduled for June 23, 2026. This is a prime investment opportunity in Nagpur's growing residential area. Don't miss out on this chance to acquire valuable land through a bank auction!

GeoSquare note: The property is a collection of residential plots in Mangrul, Nagpur, offered at a reserve price of ₹5150000. While the location may offer future growth potential, the presence of significant encumbrances (Sales tax dues of 29.32 Crore) impacts its immediate investment appeal and demands careful evaluation. Considering the symbolic possession, this presents a moderate risk-reward scenario.

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