Bhiwandi Factory Auction 421302: Others – Reserve ₹1.98 Cr (15 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-365180
Property Description
Looking for a factory below market price in Bhiwandi? The Bhiwandi factory auction 421302 by Punjab National Bank is scheduled for 15 Oct 2026. On offer is a others in Bhiwandi, Thane (PIN 421302). The online auction runs on 15 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹1,98,00,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Bhiwandi Factory Auction 421302: Key Highlights
- Reserve price: ₹1,98,00,000 (₹1.98 Cr)
- EMD: ₹19,80,000
- Bid increment: ₹25,000
- Auction: 15 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 14 October 2026, 11:59 PM
- Location: Bhiwandi, Thane, Maharashtra
- Possession: Symbolic
Bhiwandi Factory Auction 421302 – Complete Details
| Auction ID | 365180 |
| Bank property ID | PUNB83250266 |
| Bank | Punjab National Bank |
| Branch | Armb Thane 832500 |
| Property type | Industrial – Others |
| City / District | Bhiwandi, Thane |
| State | Maharashtra |
| PIN code | 421302 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹1,98,00,000 |
| EMD | ₹19,80,000 |
| Bid increment | ₹25,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Bhiwandi
This listing falls in Bhiwandi, Thane, Maharashtra, postal code 421302. Maharashtra is India’s largest real-estate market, led by the Mumbai Metropolitan Region, Pune and Nagpur, and backed by strong industrial corridors such as the Samruddhi Mahamarg and the Mumbai–Pune belt. The handling branch is Armb Thane 832500, which is usually the best contact for site visits and local queries.
Is the Bhiwandi Factory Auction 421302 Worth It?
The EMD of ₹19,80,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Bhiwandi Factory Auction 421302
- EMD submission opens: 25 September 2026
- Last date for EMD: 14 October 2026, 11:59 PM
- E-auction: 15 October 2026, 11:00 AM to 4:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 365180 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8095807705.
- Pay the EMD of ₹19,80,000 through the BAANKNET wallet before 14 October 2026, 11:59 PM.
- Log in on 15 October 2026 and bid above the reserve in steps of ₹25,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Bhiwandi Factory Auction 421302: FAQs
What is the reserve price in the Bhiwandi factory auction 421302?
The reserve price is ₹1,98,00,000. Bids below the reserve price are not accepted.
When is the Bhiwandi factory auction 421302 scheduled?
The e-auction is on 15 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 14 October 2026, 11:59 PM.
How much EMD is required?
The earnest money deposit is ₹19,80,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Bhiwandi, Thane, Maharashtra – 421302.
Where can I see the official sale notice?
Search Auction ID 365180 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Maharashtra Auctions
- All Punjab National Bank auction listings
- More factory auctions
- Bank auctions in Maharashtra
- Guide: finance options for commercial auctions
Source: Auction ID 365180 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Location | Bhiwandi, Thane, Thane, Maharashtra |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 25 Sep 2026Auction Notice Published
- 14 Oct 2026Last Date for EMD Submission
- 15 Oct 2026, 11:00 AM to 4:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.