Kurkumbh Midc Industrial Shed Auction: Industrial Shed (15,500 sq ft) – Reserve ₹2.9 Cr (23 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361974
Property Description
Looking for a industrial shed below market price in Kurkumbh Midc? The Kurkumbh Midc industrial shed auction by State Bank of India is scheduled for 23 Oct 2026. On offer is a industrial shed in Kurkumbh Midc, Pune (PIN 413802), with 15,500 sq ft carpet area. The online auction runs on 23 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹2,90,00,000.
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
Kurkumbh Midc Industrial Shed Auction: Key Highlights
- Reserve price: ₹2,90,00,000 (₹2.9 Cr)
- EMD: ₹29,00,000
- Bid increment: ₹50,000
- Auction: 23 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 23 October 2026, 4:00 PM
- Location: Kurkumbh Midc, Pune, Maharashtra
- Possession: Physical
Kurkumbh Midc Industrial Shed Auction – Complete Details
| Auction ID | 361974 |
| Bank property ID | SBIN1015109202601 |
| Bank | State Bank of India |
| Branch | Sarb Pune |
| Property type | Industrial – Industrial Shed |
| Carpet area | 15,500 sq ft |
| Locality | Daund |
| City / District | Kurkumbh Midc, Pune |
| State | Maharashtra |
| PIN code | 413802 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹2,90,00,000 |
| EMD | ₹29,00,000 |
| Bid increment | ₹50,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Kurkumbh Midc
Kurkumbh Midc is in Pune district of Maharashtra, under PIN code 413802. 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 Sarb Pune, which is usually the best contact for site visits and local queries.
Is the Kurkumbh Midc Industrial Shed Auction Worth It?
At the reserve price, the property works out to about ₹1,871 per sq ft of carpet area – compare this with recent resale rates in Kurkumbh Midc before you bid. The EMD of ₹29,00,000 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Kurkumbh Midc Industrial Shed Auction
- Inspection window: 12 October 2026, 1:00 PM to 12 October 2026, 3:00 PM
- EMD submission opens: 17 September 2026
- Last date for EMD: 23 October 2026, 4:00 PM
- E-auction: 23 October 2026, 11:00 AM to 4:00 PM
- Auto-extension: 10 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 361974 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9167466792.
- Pay the EMD of ₹29,00,000 through the BAANKNET wallet before 23 October 2026, 4:00 PM.
- Log in on 23 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 10 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.
Kurkumbh Midc Industrial Shed Auction: FAQs
What is the reserve price in the Kurkumbh Midc industrial shed auction?
The reserve price is ₹2,90,00,000. Bids below the reserve price are not accepted.
When is the Kurkumbh Midc industrial shed auction scheduled?
The e-auction is on 23 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 23 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹29,00,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Kurkumbh Midc, Pune, Maharashtra – 413802.
Where can I see the official sale notice?
Search Auction ID 361974 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More SBI and Maharashtra Auctions
- All State Bank of India auction listings
- More industrial shed auctions
- Bank auctions in Maharashtra
- Guide: finance options for commercial auctions
Source: Auction ID 361974 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with State Bank of India 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 State Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Industrial Sheds |
|---|---|
| Land Area | 15500 sq ft |
| Location | Kurkumbh Midc, Pune, Pune, Maharashtra |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 17 Sep 2026Auction Notice Published
- 12 Oct 2026Inspection Starts
- 12 Oct 2026Inspection Ends
- 23 Oct 2026Last Date for EMD Submission
- 23 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.