Shop for Auction Nallasopara West Palghar 56 Lakh by Punjab National Bank
Nallasopara (West), Palghar
Area: 650.32 sq. ft.
Shop No. 1, 2, 3 & 4, Ground Floor, 'A' Wing, Poonam Palms, Village-Sopara, Nallasopara (West)-401203, Tal. Vasai, Dist. Palghar
Punjab National Bank · ARMB Mumbai Western
Reserve price
₹55,95,500
EMD ₹5,59,500
Auction date
04 Aug 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 650.32 sq. ft.
- ▸Locality: Nallasopara (West)
- ▸Reserve: ₹55,95,500
- ▸EMD: ₹5,59,500
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Shop · Commercial |
| Locality | Nallasopara (West) |
| Built-up / plot area | 650.32 sq. ft. |
| Lender | Punjab National Bank |
| Branch | ARMB Mumbai Western |
| Unit / flat no. | Shop No. 1, 2, 3 & 4 |
| Building / society | Poonam Palms |
| Floor | Ground Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Commercial Shop bank auction in Nallasopara (West), Palghar by Punjab National Bank — reserve price ₹55,95,500, 650.32 sq. ft., Symbolic possession.
Explore this prime commercial shop for sale through a bank auction in Nallasopara (West), Palghar. Located in the well-known 'Poonam Palms' complex, this ground-floor property comprises Shop Nos. 1, 2, 3, and 4 with a total carpet area of 650.32 sq. ft. This bank auction property, managed by Punjab National Bank (ARMB Mumbai Western), offers a significant investment opportunity for business owners or investors looking for commercial space in the developing Palghar region. With a reserve price of ₹55,95,500, this asset represents a lucrative deal. Interested bidders must submit their EMD of ₹5,59,500 by August 3, 2026, ahead of the e-auction date on August 4, 2026. Don't miss out on acquiring this commercial shop in a strategic locality.
GeoSquare note: This property is a strong investment due to its prime ground-floor commercial location in Nallasopara West and a reasonable reserve price for a combined four-shop unit. While the possession status is currently symbolic, the established location in 'Poonam Palms' offers good visibility and footfall potential for businesses. It is recommended for buyers seeking high-utility commercial space at an auction-based competitive entry price.
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