Jammu Shop Auction: Shops (700 sq ft) – Reserve ₹64.8 Lakh (9 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Jammu shop auction, offered by Canara Bank at a reserve of ₹64.8 Lakh. On offer is a shops in Jammu (PIN 180001), with 700 sq ft carpet area. The online auction runs on 9 October 2026 (11:30 AM to 12:30 PM) with a reserve price of ₹64,80,000.

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.

Jammu Shop Auction: Key Highlights

• Reserve price: ₹64,80,000 (₹64.8 Lakh)
• EMD: ₹6,48,000
• Bid increment: ₹10,000
• Auction: 9 October 2026, 11:30 AM to 12:30 PM
• Last date for EMD: 8 October 2026, 5:00 PM
• Location: Jammu, Jammu & Kashmir
• Possession: Symbolic

Jammu Shop Auction – Complete Details

Auction ID	362819
Bank property ID	CNRB681999
Bank	Canara Bank
Branch	Specialised Arm Branch, Ludhiana
Property type	Commercial – Shops
Carpet area	700 sq ft
City / District	Jammu
State	Jammu & Kashmir
PIN code	180001
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹64,80,000
EMD	₹6,48,000
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Jammu

The property is located in Jammu, Jammu & Kashmir (PIN 180001). Jammu & Kashmir’s market is centred on Jammu and Srinagar, and property here is drawing new interest after recent policy changes. The handling branch is Specialised Arm Branch, Ludhiana, which is usually the best contact for site visits and local queries.

Is the Jammu Shop Auction Worth It?

At the reserve price, the property works out to about ₹9,257 per sq ft of carpet area – compare this with recent resale rates in Jammu before you bid. The EMD of ₹6,48,000 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Jammu Shop Auction

• Inspection window: 29 September 2026, 3:00 PM to 30 September 2026, 5:00 PM
• EMD submission opens: 19 September 2026
• Last date for EMD: 8 October 2026, 5:00 PM
• E-auction: 9 October 2026, 11:30 AM to 12:30 PM
• Auto-extension: 5 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 362819 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9517700632.
4. Pay the EMD of ₹6,48,000 through the BAANKNET wallet before 8 October 2026, 5:00 PM.
5. Log in on 9 October 2026 and bid above the reserve in steps of ₹10,000; 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.

Jammu Shop Auction: FAQs

More Canara Bank and Jammu & Kashmir Auctions

• All Canara Bank auction listings
• More shop auctions
• Bank auctions in Jammu & Kashmir
• Guide: buying bank auction shops and showrooms

Source: Auction ID 362819 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.