400 sq feet Commercial Building for Auction in Karol Bagh, New Delhi – BOI

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

400 sq feet (≈ 400 sq ft)

Reserve price / sq ft

₹58,000

Locality

Karol Bagh

City

New Delhi

State

Delhi

Pincode

110005

Address

KAROL BAGH, New Delhi, 110005 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

ARB NEW DELHI

Auction type

SARFAESI Auction

Borrower

MOHAN G*** & J***** P*** L***

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 04:45 PM

Inspection

24 Nov 2026, 11:00 AM – 24 Nov 2026, 04:00 PM

Authorised officer

Mr. Inder Jeet

Officer contact

8847555748

E-auction portal

BAANKNET (Property ID BKID6102MOHANGEMS12)

Price Check

This listing's reserve price works out to ₹58,000 per sq ft. The average across commercial bank auctions in New Delhi on our site is ₹22,383 per sq ft, so this one is 159% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 24 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKID6102MOHANGEMS12)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 04:45 PM. It is refunded if you don't win.
5. Bid online on 26 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.