Vada Factory Auction: Industrial Plot with Factory Building – Reserve ₹2.45 Cr (17 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366283
Property Description
Punjab National Bank has put a factory up for sale through the Vada factory auction, open to all registered bidders on BAANKNET. On offer is a industrial plot with factory building in Vada, Palghar (PIN 421303). The online auction runs on 17 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹2,45,20,000.
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
Vada Factory Auction: Key Highlights
- Reserve price: ₹2,45,20,000 (₹2.45 Cr)
- EMD: ₹24,52,000
- Bid increment: ₹25,000
- Auction: 17 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 17 October 2026, 11:00 AM
- Location: Vada, Palghar, Maharashtra
- Possession: Physical
Vada Factory Auction – Complete Details
| Auction ID | 366283 |
| Bank property ID | PUNBCS6041SHREE |
| Bank | Punjab National Bank |
| Branch | Armb Mumbai City 604100 |
| Property type | Industrial – Industrial Plot with Factory Building |
| Locality | Biloshi |
| City / District | Vada, Palghar |
| State | Maharashtra |
| PIN code | 421303 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹2,45,20,000 |
| EMD | ₹24,52,000 |
| Bid increment | ₹25,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Vada
This listing falls in Vada, Palghar, Maharashtra, postal code 421303. 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 Armb Mumbai City 604100, which is usually the best contact for site visits and local queries.
Is the Vada Factory Auction Worth It?
The EMD of ₹24,52,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Vada Factory Auction
- EMD submission opens: 28 September 2026
- Last date for EMD: 17 October 2026, 11:00 AM
- E-auction: 17 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 366283 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8425981733.
- Pay the EMD of ₹24,52,000 through the BAANKNET wallet before 17 October 2026, 11:00 AM.
- Log in on 17 October 2026 and bid above the reserve in steps of ₹25,000; 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.
Vada Factory Auction: FAQs
What is the reserve price in the Vada factory auction?
The reserve price is ₹2,45,20,000. Bids below the reserve price are not accepted.
When is the Vada factory auction scheduled?
The e-auction is on 17 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 17 October 2026, 11:00 AM.
How much EMD is required?
The earnest money deposit is ₹24,52,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Vada, Palghar, Maharashtra – 421303.
Where can I see the official sale notice?
Search Auction ID 366283 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Maharashtra Auctions
- All Punjab National Bank auction listings
- More factory auctions
- Bank auctions in Maharashtra
- Guide: finance options for commercial auctions
Source: Auction ID 366283 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank 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 Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Location | Vada, Palghar, Palghar, Maharashtra |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 17 Oct 2026Last Date for EMD Submission
- 17 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.