Mustafabad Factory Auction: Industrial Plot with Factory Building (0.72 sq ft) – Reserve ₹61.39 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-360593
Property Description
The Mustafabad factory auction listed by Bank of India on the BAANKNET e-auction portal is one of the upcoming factory opportunities in Haryana. On offer is a industrial plot with factory building in Mustafabad, Yamunanagar (PIN 133103), with 0.72 sq ft carpet area. The online auction runs on 9 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹61,39,000.
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
Mustafabad Factory Auction: Key Highlights
- Reserve price: ₹61,39,000 (₹61.39 Lakh)
- EMD: ₹6,13,900
- Bid increment: ₹1,00,000
- Auction: 9 October 2026, 11:00 AM to 5:00 PM
- Last date for EMD: 9 October 2026, 5:00 PM
- Location: Mustafabad, Yamunanagar, Haryana
- Possession: Physical
Mustafabad Factory Auction – Complete Details
| Auction ID | 360593 |
| Bank property ID | BKIDCHDARB31 |
| Bank | Bank of India |
| Branch | Arb Chandigarh |
| Property type | Industrial – Industrial Plot with Factory Building |
| Carpet area | 0.72 sq ft |
| Locality | Kotarkhana ,tehsil-Jagadhri |
| City / District | Mustafabad, Yamunanagar |
| State | Haryana |
| PIN code | 133103 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹61,39,000 |
| EMD | ₹6,13,900 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Mustafabad
Mustafabad is in Yamunanagar district of Haryana, under PIN code 133103. Haryana benefits from its proximity to Delhi, with Gurugram, Faridabad, Sonipat and Panipat seeing steady demand for homes and commercial space. The handling branch is Arb Chandigarh, which is usually the best contact for site visits and local queries.
Is the Mustafabad Factory Auction Worth It?
At the reserve price, the property works out to about ₹85,26,389 per sq ft of carpet area – compare this with recent resale rates in Mustafabad before you bid. The EMD of ₹6,13,900 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 Mustafabad Factory Auction
- EMD submission opens: 15 September 2026
- Last date for EMD: 9 October 2026, 5:00 PM
- E-auction: 9 October 2026, 11:00 AM to 5:00 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 360593 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9987048267.
- Pay the EMD of ₹6,13,900 through the BAANKNET wallet before 9 October 2026, 5:00 PM.
- Log in on 9 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
- 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.
Mustafabad Factory Auction: FAQs
What is the reserve price in the Mustafabad factory auction?
The reserve price is ₹61,39,000. Bids below the reserve price are not accepted.
When is the Mustafabad factory auction scheduled?
The e-auction is on 9 October 2026 from 11:00 AM to 5:00 PM. The last date for EMD is 9 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹6,13,900. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Mustafabad, Yamunanagar, Haryana – 133103.
Where can I see the official sale notice?
Search Auction ID 360593 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More BOI and Haryana Auctions
- All Bank of India auction listings
- More factory auctions
- Bank auctions in Haryana
- Guide: finance options for commercial auctions
Source: Auction ID 360593 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with 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 Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Land Area | 0.72 sq ft |
| Location | Mustafabad, Yamunanagar, Yamunanagar, Haryana |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 15 Sep 2026Auction Notice Published
- 9 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:00 AM to 5:00 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.