1,200 sq feet Commercial Building for Auction in Itarsi, Narmadapuram – PNB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

1,200 sq feet (≈ 1,200 sq ft)

Reserve price / sq ft

₹827

Locality

Itarsi

City

Narmadapuram

State

Madhya Pradesh

Pincode

461111

Address

ITARSI, Madhya Pradesh, 461111 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

BRANCH - CIRCLE OFFICE BHOPAL

Auction type

SARFAESI Auction

Borrower

MAYUR F***** M***

Auction start

16 Nov 2026, 11:00 AM

Auction end

16 Nov 2026, 05:00 PM

EMD submission deadline

15 Nov 2026, 11:00 PM

Inspection

06 Nov 2026, 10:00 AM – 15 Nov 2026, 10:59 AM

Authorised officer

SANDEEP KUMAR SAHU

Officer contact

7000086955

E-auction portal

BAANKNET (Property ID PUNBYFA81629960)

Price Check

This listing's reserve price works out to ₹827 per sq ft. The average across commercial bank auctions in Narmadapuram on our site is ₹3,706 per sq ft, so this one is 78% 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.

Previous Auctions of This Property

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 6 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID PUNBYFA81629960)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 15 Nov 2026, 11:00 PM. It is refunded if you don't win.
5. Bid online on 16 Nov 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.