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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 #97220

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Commercial Building for auction in Jaitpur, Khargone – PNB – photo 1
Reserve Price ₹2,41,20,000 10% lower than previous auction (₹2.68 Cr)
EMD (Earnest Money)—
Bid Increment—
Auction Date 26 Nov 2026, 11:00 AM In 11 days
EMD Last Date 25 Nov 2026, 11:59 PM In 10 days
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
₹290
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
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
9335192571
E-auction portal
BAANKNET (Property ID PUNB68855858)
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Price Check

This listing's reserve price works out to ₹290 per sq ft. The average across commercial bank auctions in Khargone on our site is ₹1,554 per sq ft, so this one is 81% 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.

Previous Auctions of This Property

Auction dateReserve price
26 Nov 2026₹2,41,20,000This auction
06 Oct 2026₹2,68,00,000View

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 PUNB68855858)), 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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