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Industrial Plot SARFAESI Auction Symbolic Possession

0.8 hectares Industrial Plot for Auction in Chhegaon Makhan, Industrial Area Rudhi Bhavsingpura, Khandwa – PNB

Chhegaon Makhan, Industrial Area Rudhi Bhavsingpura, Khandwa, Madhya Pradesh · Auction ID #118290

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Industrial Plot for auction in Chhegaon Makhan, Industrial Area Rudhi Bhavsingpura, Khandwa – PNB – photo 1
Industrial Plot for auction in Chhegaon Makhan, Industrial Area Rudhi Bhavsingpura, Khandwa – PNB – photo 2
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Reserve Price ₹2,23,92,000 10% lower than previous auction (₹2.49 Cr)
EMD (Earnest Money)—
Bid Increment—
Auction Date 26 Nov 2026, 11:00 AM In 12 days
EMD Last Date 25 Nov 2026, 11:59 PM In 11 days
Area0.8 hectares
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Property Details

Property type
Industrial Plot (Industrial)
Possession
Symbolic Possession
Area
0.8 hectares (≈ 86,111 sq ft)
Reserve price / sq ft
₹260
Locality
Chhegaon Makhan, Industrial Area Rudhi Bhavsingpura
Pincode
450001
Address
chhegaon makhan, Industrial Area Rudhi Bhavsingpura, Madhya Pradesh, 450001 View on map

Description (as per sale notice)

Property 1: Factory Land and Proposed Building Situated at: - Patwari Halka No. 32, Khasra no. 447/1/2, Village:- Surgaon Joshi , Block and Circle Chhegaon Makhan, Khandwa (M.P.) Rakba 0.40 Hectares. Boundaries (As per Sale Deed) East – Land Of Laxminarayan Murar West – Remaining Land Of Seller North – Surgaon Joshi Gramin Marg South – Land of Mangilal Tukaram Owner: - 1. Shri Manish Balwani S/o Shri Ashok Balwani 2. Shri Rajesh Balwani S/o Shri Ghanshyam Das Balwani Property 2: Factory Land and Proposed Building Situated at: - Patwari Halka No. 32, Khasra no. 447/2, Village Surgaon Joshi , Block and Circle Chhegaon Makhan, Khandwa (M.P.) Rakba 0.40 Hectares. Boundaries (As per Sale Deed) East – Aam Rasta West – Land of Khasra No. 447/1/2 North – Aam Rasta South – Land of Khasra No. 448 Owner: - 1. Shri Rohit Balwani S/o Shri Nanakram Balwani 2. Shri Manish Balwani S/o Shri Ashok Balwani • Plant & Machinery

BAANKNET Property ID: PUNB68859035
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Bank & Auction Details

Branch
ARMB INDORE688500
Auction type
SARFAESI Auction
Borrower
M/s Shri D***** O** M**** a** I***** (***** Shri M***** B***** S** Shri A**** B*****
Auction start
26 Nov 2026, 11:00 AM
Auction end
26 Nov 2026, 04:00 PM
EMD submission deadline
25 Nov 2026, 11:59 PM
Inspection
—
Authorised officer
Sandeep kumar
Officer contact
9835192571
E-auction portal
BAANKNET (Property ID PUNB68859035)
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Price Check

This listing's reserve price works out to ₹260 per sq ft. The average across industrial bank auctions in Khandwa on our site is ₹252 per sq ft, so this one is 3% above 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

Auction dateReserve price
26 Nov 2026₹2,23,92,000This auction
27 Oct 2026₹2,48,80,000View

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 PUNB68859035)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 25 Nov 2026, 11:59 PM. It is refunded if you don't win.
  5. Bid online on 26 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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Punjab National Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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