0.41 acres House for Auction in Mangan – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

0.41 acres (≈ 17,859 sq ft)

Reserve price / sq ft

₹745

Locality

—

City

Mangan

State

Sikkim

Pincode

737116

Address

Mangan, Sikkim, 737116 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

Gangtok Main Branch - 6068

Auction type

Bank Auction

Borrower

Mr U*** N**** B*****

Auction start

20 Nov 2026, 11:00 AM

Auction end

20 Nov 2026, 05:00 PM

EMD submission deadline

20 Nov 2026, 05:00 PM

Inspection

04 Nov 2026, 10:00 AM – 19 Nov 2026, 04:00 PM

Authorised officer

PURAN SUBBA

Officer contact

8403913639

E-auction portal

BAANKNET (Property ID IDIB3200111032)

Price Check

This listing's reserve price works out to ₹745 per sq ft. The average across residential bank auctions in Mangan on our site is ₹744 per sq ft, so this one is 0% 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 4 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB3200111032)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 20 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 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.