Thane Shop Auction: Shops (1,410 sq ft) – Reserve null (5 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362413
Property Description
Here is a fresh bank e-auction worth tracking: the Thane shop auction, offered by High Court ordered assets at a reserve of null. On offer is a shops in Thane (PIN 400601), with 1,410 sq ft carpet area. The online auction runs on 5 October 2026 (11:00 AM to 2:00 PM) with a reserve price of null.
The property is being sold under High Court Order Assets 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
Thane Shop Auction: Key Highlights
- Reserve price: null (null)
- EMD: ₹25,00,000
- Bid increment: ₹5,00,000
- Auction: 5 October 2026, 11:00 AM to 2:00 PM
- Last date for EMD: 30 September 2026, 5:00 PM
- Location: Thane, Maharashtra
- Possession: Physical
Thane Shop Auction – Complete Details
| Auction ID | 362413 |
| Bank property ID | OLMUM MEGASAFE |
| Bank | High Court ordered assets |
| Branch | The Official Liquidator, High Court Of Bombay- Branch Office |
| Property type | Commercial – Shops |
| Carpet area | 1,410 sq ft |
| City / District | Thane |
| State | Maharashtra |
| PIN code | 400601 |
| Type of possession | Physical |
| Type of action | High Court Order Assets |
| EMD | ₹25,00,000 |
| Bid increment | ₹5,00,000 |
| Auto-extension | 1 minutes per late bid |
About the Location – Thane
The property is located in Thane, Maharashtra (PIN 400601). 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 The Official Liquidator, High Court Of Bombay- Branch Office, which is usually the best contact for site visits and local queries.
Is the Thane Shop Auction Worth It?
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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Thane Shop Auction
- Inspection window: 24 September 2026, 11:00 AM to 24 September 2026, 4:00 PM
- EMD submission opens: 18 September 2026
- Last date for EMD: 30 September 2026, 5:00 PM
- E-auction: 5 October 2026, 11:00 AM to 2:00 PM
- Auto-extension: 1 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 362413 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8655788121.
- Pay the EMD of ₹25,00,000 through the BAANKNET wallet before 30 September 2026, 5:00 PM.
- Log in on 5 October 2026 and bid above the reserve in steps of ₹5,00,000; each late bid extends the auction by 1 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.
Thane Shop Auction: FAQs
What is the reserve price in the Thane shop auction?
The reserve price is null. Bids below the reserve price are not accepted.
When is the Thane shop auction scheduled?
The e-auction is on 5 October 2026 from 11:00 AM to 2:00 PM. The last date for EMD is 30 September 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹25,00,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Thane, Maharashtra – 400601.
Where can I see the official sale notice?
Search Auction ID 362413 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More High Court ordered assets and Maharashtra Auctions
- All High Court ordered assets auction listings
- More shop auctions
- Bank auctions in Maharashtra
- Guide: buying bank auction shops and showrooms
Source: Auction ID 362413 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with High Court ordered assets 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 High Court Ordered Assets. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Shops & Showrooms |
|---|---|
| Land Area | 1410 sq ft |
| Location | Thane, Thane, Maharashtra |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 18 Sep 2026Auction Notice Published
- 24 Sep 2026Inspection Starts
- 24 Sep 2026Inspection Ends
- 30 Sep 2026Last Date for EMD Submission
- 5 Oct 2026, 11:00 AM to 2:00 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.