Chiplun Shop Auction: Shops (578 sq ft) – Reserve ₹51 Lakh (28 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-363562
Property Description
The Chiplun shop auction listed by Canara Bank on the BAANKNET e-auction portal is one of the upcoming shop opportunities in Maharashtra. On offer is a shops in Chiplun, Ratnagiri (PIN 415605), with 578 sq ft built-up. The online auction runs on 28 October 2026 (12:00 PM to 1:00 PM) with a reserve price of ₹51,00,000.
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
Chiplun Shop Auction: Key Highlights
- Reserve price: ₹51,00,000 (₹51 Lakh)
- EMD: ₹5,10,000
- Bid increment: ₹1,00,000
- Auction: 28 October 2026, 12:00 PM to 1:00 PM
- Last date for EMD: 27 October 2026, 5:00 PM
- Location: Chiplun, Ratnagiri, Maharashtra
- Possession: Symbolic
Chiplun Shop Auction – Complete Details
| Auction ID | 363562 |
| Bank property ID | CNRB8356063 |
| Bank | Canara Bank |
| Branch | Pune Specialised Arm Branch |
| Property type | Commercial – Shops |
| Built-up area | 578 sq ft |
| Locality | Bazar Peth, At Chiplun |
| City / District | Chiplun, Ratnagiri |
| State | Maharashtra |
| PIN code | 415605 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹51,00,000 |
| EMD | ₹5,10,000 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Chiplun
Chiplun is in Ratnagiri district of Maharashtra, under PIN code 415605. 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 Pune Specialised Arm Branch, which is usually the best contact for site visits and local queries.
Is the Chiplun Shop Auction Worth It?
At the reserve price, the property works out to about ₹8,824 per sq ft of built-up area – compare this with recent resale rates in Chiplun before you bid. The EMD of ₹5,10,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Chiplun Shop Auction
- EMD submission opens: 21 September 2026
- Last date for EMD: 27 October 2026, 5:00 PM
- E-auction: 28 October 2026, 12:00 PM to 1:00 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 363562 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9033828324.
- Pay the EMD of ₹5,10,000 through the BAANKNET wallet before 27 October 2026, 5:00 PM.
- Log in on 28 October 2026 and bid above the reserve in steps of ₹1,00,000; 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
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our commercial property auction guide before you bid.
Chiplun Shop Auction: FAQs
What is the reserve price in the Chiplun shop auction?
The reserve price is ₹51,00,000. Bids below the reserve price are not accepted.
When is the Chiplun shop auction scheduled?
The e-auction is on 28 October 2026 from 12:00 PM to 1:00 PM. The last date for EMD is 27 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹5,10,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Chiplun, Ratnagiri, Maharashtra – 415605.
Where can I see the official sale notice?
Search Auction ID 363562 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Maharashtra Auctions
- All Canara Bank auction listings
- More shop auctions
- Bank auctions in Maharashtra
- Guide: buying bank auction shops and showrooms
Source: Auction ID 363562 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Shops & Showrooms |
|---|---|
| Built-up Area | 578 sq ft |
| Location | Chiplun, Ratnagiri, Ratnagiri, Maharashtra |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 21 Sep 2026Auction Notice Published
- 27 Oct 2026Last Date for EMD Submission
- 28 Oct 2026, 12:00 PM to 1:00 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.