2,541 sq feet Commercial Building for Auction in Jabalpur, Shahpura Jabalpur, Jabalpur – Union Bank

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

2,541 sq feet (≈ 2,541 sq ft)

Reserve price / sq ft

₹1,492

Locality

Jabalpur, Shahpura Jabalpur

City

Jabalpur

State

Madhya Pradesh

Pincode

483119

Address

Jabalpur, Shahpura Jabalpur, Madhya Pradesh, 483119 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Union Bank of India

Branch

ARB JABALPUR-579131

Auction type

DRT Auction

Borrower

M/s. B*** B***** K***** P*****

Auction start

02 Dec 2026, 12:00 PM

Auction end

02 Dec 2026, 01:00 PM

EMD submission deadline

30 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

Mr. Shashi Prakash

Officer contact

7739538042

E-auction portal

BAANKNET (Property ID UBINBHOJAR4681A)

Price Check

This listing's reserve price works out to ₹1,492 per sq ft. The average across commercial bank auctions in Jabalpur on our site is ₹6,516 per sq ft, so this one is 77% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID UBINBHOJAR4681A)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 30 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 2 Dec 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.