Pithampur Industrial Area Factory Auction: Shed with Plant and Machinery (10,922 sq ft) – Reserve ₹12.63 Cr (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-360846
Property Description
Looking for a factory below market price in Pithampur Industrial Area? The Pithampur Industrial Area factory auction by Union Bank of India is scheduled for 13 Oct 2026. On offer is a shed with plant and machinery in Pithampur Industrial Area, Dhar (PIN 454774), with 10,922 sq ft carpet area. The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹12,63,00,000.
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
Pithampur Industrial Area Factory Auction: Key Highlights
- Reserve price: ₹12,63,00,000 (₹12.63 Cr)
- EMD: ₹1,26,30,000
- Bid increment: ₹12,63,000
- Auction: 13 October 2026, 12:00 PM to 5:00 PM
- Last date for EMD: 13 October 2026, 5:00 PM
- Location: Pithampur Industrial Area, Dhar, Madhya Pradesh
- Possession: Symbolic
Pithampur Industrial Area Factory Auction – Complete Details
| Auction ID | 360846 |
| Bank property ID | UBINBHOIAB6107D |
| Bank | Union Bank of India |
| Branch | Arb Indore |
| Property type | Industrial – Shed with Plant and Machinery |
| Carpet area | 10,922 sq ft |
| Locality | Sector – 3 Pithampur |
| City / District | Pithampur Industrial Area, Dhar |
| State | Madhya Pradesh |
| PIN code | 454774 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹12,63,00,000 |
| EMD | ₹1,26,30,000 |
| Bid increment | ₹12,63,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Pithampur Industrial Area
Pithampur Industrial Area is in Dhar district of Madhya Pradesh, under PIN code 454774. Madhya Pradesh offers affordable real estate in Indore, Bhopal, Jabalpur and Gwalior, with Indore in particular known for clean, well-planned growth. The handling branch is Arb Indore, which is usually the best contact for site visits and local queries.
Is the Pithampur Industrial Area Factory Auction Worth It?
At the reserve price, the property works out to about ₹11,564 per sq ft of carpet area – compare this with recent resale rates in Pithampur Industrial Area before you bid. The EMD of ₹1,26,30,000 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 Pithampur Industrial Area Factory Auction
- EMD submission opens: 15 September 2026
- Last date for EMD: 13 October 2026, 5:00 PM
- E-auction: 13 October 2026, 12:00 PM to 5:00 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 360846 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9981401218.
- Pay the EMD of ₹1,26,30,000 through the BAANKNET wallet before 13 October 2026, 5:00 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹12,63,000; 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.
Pithampur Industrial Area Factory Auction: FAQs
What is the reserve price in the Pithampur Industrial Area factory auction?
The reserve price is ₹12,63,00,000. Bids below the reserve price are not accepted.
When is the Pithampur Industrial Area factory auction scheduled?
The e-auction is on 13 October 2026 from 12:00 PM to 5:00 PM. The last date for EMD is 13 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,26,30,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Pithampur Industrial Area, Dhar, Madhya Pradesh – 454774.
Where can I see the official sale notice?
Search Auction ID 360846 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Union Bank and Madhya Pradesh Auctions
- All Union Bank of India auction listings
- More factory auctions
- Bank auctions in Madhya Pradesh
- Guide: finance options for commercial auctions
Source: Auction ID 360846 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Union 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 Union Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Land Area | 10922 sq ft |
| Location | Pithampur Industrial Area, Dhar, Dhar, Madhya Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 15 Sep 2026Auction Notice Published
- 13 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 12:00 PM 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.