Shop for Auction Sitabuldi Sadar Nagpur 20.2 Lakh by Union Bank of India
Sitabuldi, Sadar, Nagpur
Area: 19.65 sq. mtrs
Indira Arcade, Plot No 218, NMC House NO 257/F/9, Ward No 67, City Survey No. 1591 & 1593, Sheet No. 146 17, Mouza Sitabuldi, Sadar, Nagpur
Union Bank of India · Asset Recovery Branch
Reserve price
₹20,17,000
EMD ₹2,01,700
Auction date
29 Sep 2026, 12:00 PM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 19.65 sq. mtrs
- ▸Locality: Sitabuldi, Sadar
- ▸Reserve: ₹20,17,000
- ▸EMD: ₹2,01,700
Auction snapshot
| Possession | Physical |
| Property type | Commercial Shop · Commercial |
| Locality | Sitabuldi, Sadar |
| Built-up / plot area | 19.65 sq. mtrs |
| Lender | Union Bank of India |
| Branch | Asset Recovery Branch |
| Unit / flat no. | Corporate Office No. 110 |
| Building / society | Indira Arcade |
| Floor | First Floor |
| Auction type | SARFAESI Auction |
| Service provider | BAANKNET |
About this property
Commercial Shop bank auction in Sitabuldi, Sadar, Nagpur by Union Bank of India — reserve price ₹20,17,000, 19.65 sq. mtrs, Physical possession.
This commercial shop for sale in Indira Arcade, Sitabuldi, Nagpur, is available via a Union Bank of India bank auction. Located in a prime business area near Sadar, this first-floor unit (Corporate Office No. 110) offers a built-up area of 19.65 sq. mtrs. This is a bank auction property being sold under physical possession status, offering a strategic opportunity for business owners or investors looking for commercial real estate in Nagpur. Interested bidders should note the reserve price of ₹20,17,000 and the EMD of ₹2,01,700. Don't miss this opportunity to acquire a well-located commercial asset in the heart of Nagpur. Ensure you complete all KYC documentation and EMD payments before the specified auction date.
GeoSquare note: The property is located in a high-demand commercial hub of Nagpur (Sitabuldi/Sadar), making it an excellent investment for business use or rental income. The auction offers physical possession, which significantly reduces legal risks compared to symbolic possession. However, bidders must factor in the reported GST encumbrance of Rs. 2.26 Cr mentioned in the notice before finalizing their bid.
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