431.2 sq feet Commercial Building for Auction in City Centre Mall, Korba – PNB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

431.2 sq feet (≈ 431 sq ft)

Reserve price / sq ft

₹6,545

Locality

City Centre Mall

City

Korba

State

Chhattisgarh

Pincode

495677

Address

CITY CENTRE MALL, Korba, Chhattisgarh, 495677 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

ARMB BILASPUR820700

Auction type

SARFAESI Auction

Borrower

CHATTISGARH S**** S***

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

DHARAM SINGH MEENA

Officer contact

7976331048

E-auction portal

BAANKNET (Property ID PUNBSAREESALE)

Price Check

This listing's reserve price works out to ₹6,545 per sq ft. The average across commercial bank auctions in Korba on our site is ₹6,544 per sq ft, so this one is 0% 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 PUNBSAREESALE)), 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.