2,629.2 sq ft Commercial Building for Auction in Shankarpur, Gwalior – HDB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

2,629.2 sq ft

Reserve price / sq ft

₹1,879

Locality

Shankarpur

City

Gwalior

State

Madhya Pradesh

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

HDB Financial Services

Branch

HDB Financial Services Limited, Lower Parel, Mumbai - BO

Auction type

SARFAESI Auction

Borrower

Keswani T***** C*****

Auction start

06 Oct 2026, 10:30 AM

Auction end

06 Oct 2026, 04:00 PM

EMD submission deadline

05 Oct 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India (bankeauctions.com)

Price Check

This listing's reserve price works out to ₹1,879 per sq ft. The average across commercial bank auctions in Gwalior on our site is ₹12,536 per sq ft, so this one is 85% 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 (open notice).
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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,94,105 before 05 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 2026 starting above the reserve price, in multiples of ₹15,000.
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.