590 sq ft Commercial Building for Auction in Pune – GIC HFL

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

590 sq ft

Reserve price / sq ft

₹2,734

Locality

—

City

Pune

State

Maharashtra

Pincode

410501

Address

Gut No: -Gat No-490, Building Name: -Rajlaxmi Glory, House No -Flat No-C 1,Floor No:-, Gr Fir, Plot No: -Gat No-490, Street Name: -Medankarwadi, Sector Ward No: -Chakan, Land Mark: Near Polite Hermitage, Village: -Chakan, Location: Chakan, Taluka: -Khed, State: Maharashtra, Pin Code: 410501, Police Station: Chakan, North By: Road, South By: Fiat No 2, East By: Prop Of Mr Medankar, West By: Prop Of Mr Shantaram, Phone No: 9767343485, Encumbrances Known: Nil/Area Of Property Details: 590 Sq. Ft View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

15 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 465216

Price Check

This listing's reserve price works out to ₹2,734 per sq ft. The average across commercial bank auctions in Pune on our site is ₹10,641 per sq ft, so this one is 74% 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 (AuctionTiger · Auction ID 465216), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 15 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.