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Commercial Building SARFAESI Auction Symbolic Possession

7,720 sq meter Commercial Building for Auction in Jaitpur, Khargone – PNB

Jaitpur, Khargone, Madhya Pradesh · Auction ID #2507

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Commercial Building for auction in Jaitpur, Khargone – PNB – photo 1
Reserve Price ₹2,68,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 06 Oct 2026, 11:00 AM
EMD Last Date 05 Oct 2026, 11:59 PM
Area7,720 sq meter
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Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
7,720 sq meter (≈ 83,097 sq ft)
Reserve price / sq ft
₹323
Locality
Jaitpur
Pincode
451001
Address
Jaitpur, Madhya Pradesh, 451001 View on map

Description (as per sale notice)

1. Property Situated at Survey No. 102/2 Area 0.286 Hector & Survey No. 101/2 Area 1.994 Hector from Which Area 0.486 Hector total Admeasuring Area 0.772 Hector, Located at Village Machalpur Bujurg, P.H. No. 69, Tehsil Maheshwar, District - Khargone (M.P) Pin - 451255 Boundaries survey No. 102/2 (As per Sale Deed) East – Land Survey No. 102/3 & 101/2 West - Land Survey No.102/1 North – Road South - Land Survey No.101/2 Boundaries survey No. 101/2 (As per Sale Deed) East – Land Survey No. 101/3 West - Land Survey No.101/1 North – Land Survey No.102/2 South - Land Survey No.101/2 Owners 1. Mr. Prabhu Lal Panwar S/o Lalji Ram Panwar. 2. Mr. Gagan Panwar S/o Mr. Prabhu Lal Panwar

BAANKNET Property ID: PUNB68855858
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Bank & Auction Details

Branch
ARMB INDORE688500
Auction type
SARFAESI Auction
Borrower
M/s P***** K**** L***** (***** F**** Shri P***** L** P***** S** L**** R** P***** & Shri G**** P***** S** Shri P***** L** P*****
Auction start
06 Oct 2026, 11:00 AM
Auction end
06 Oct 2026, 04:00 PM
EMD submission deadline
05 Oct 2026, 11:59 PM
Inspection
—
Authorised officer
Sandeep Kumar
Officer contact
9835192571
E-auction portal
BAANKNET (Property ID PUNB68855858)
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Price Check

This listing's reserve price works out to ₹323 per sq ft. The average across commercial bank auctions in Khargone on our site is ₹1,554 per sq ft, so this one is 79% 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 PUNB68855858)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 05 Oct 2026, 11:59 PM. It is refunded if you don't win.
  5. Bid online on 6 Oct 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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