Shop for Auction New Grain Market Karnal 47.6 Lakh by Central Bank of India 09 Jul 2026
New Grain Market, Karnal
Area: 104.88 Sq. yards
Shop No. 22 Yards, New Grain Market, Opposite SBI Branch, Nilokheri, Distt. Karnal
Central Bank of India · SAM BRANCH, CHANDIGARH
Reserve price
₹47,61,000
EMD ₹4,76,100
Auction date
09 Jul 2026, 02:00 PM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 104.88 Sq. yards
- ▸Locality: New Grain Market
- ▸Reserve: ₹47,61,000
- ▸EMD: ₹4,76,100
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Shop · Commercial |
| Locality | New Grain Market |
| Built-up / plot area | 104.88 Sq. yards |
| Lender | Central Bank of India |
| Branch | SAM BRANCH, CHANDIGARH |
| Unit / flat no. | Shop No. 22 |
| Building / society | New Grain Market |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Commercial Shop bank auction in New Grain Market, Karnal by Central Bank of India — reserve price ₹47,61,000, 104.88 Sq. yards, Symbolic possession.
An excellent opportunity to acquire a commercial shop via a bank auction. Central Bank of India is auctioning Shop No. 22, strategically located in the thriving New Grain Market, Opposite SBI Branch, Nilokheri, Distt. Karnal, Haryana. This commercial shop for sale measures 104.88 Sq. yards and is offered at a competitive reserve price of ₹4,761,000. The e-auction is scheduled for 2026-07-09 from 02:00 PM to 04:00 PM, with a bid increment of ₹100,000. Interested bidders must deposit the EMD of ₹476,100 by 2026-07-04. Property inspection is available on 2026-06-25. While offering a prime location for business, buyers should note the symbolic possession status and known encumbrances including land demarcation issues and outstanding government charges. This bank auction property presents a significant investment potential for informed buyers in Nilokheri, Karnal.
GeoSquare note: This commercial shop offers a strong location advantage in New Grain Market, Nilokheri, Karnal, being opposite an SBI Branch, which typically indicates good commercial viability. However, the property is under symbolic possession, and significant encumbrances such as land demarcation issues and substantial outstanding government charges are explicitly mentioned. While the location is attractive, these legal complexities and financial liabilities necessitate thorough due diligence, categorizing it as a fair option primarily for informed investors willing to navigate these challenges.
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