13.19 sq meter Commercial Building for Auction in Lucknow – IOB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

13.19 sq meter (≈ 141 sq ft)

Reserve price / sq ft

₹11,315

Locality

—

City

Lucknow

State

Uttar Pradesh

Pincode

226018

Address

Lucknow, Uttar Pradesh, 226018 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

AMINABAD, LUCKNOW-382

Auction type

SARFAESI Auction

Borrower

SHILPI V****

Auction start

19 Nov 2026, 11:00 AM

Auction end

19 Nov 2026, 03:00 PM

EMD submission deadline

18 Nov 2026, 04:00 PM

Inspection

02 Nov 2026, 10:00 AM – 17 Nov 2026, 04:00 PM

Authorised officer

RAHUL KUMAR

Officer contact

8925950382

E-auction portal

BAANKNET (Property ID IOBA0382SHILPI)

Price Check

This listing's reserve price works out to ₹11,315 per sq ft. The average across commercial bank auctions in Lucknow on our site is ₹15,218 per sq ft, so this one is 26% below 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 2 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA0382SHILPI)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 18 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 19 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.