10,000 sq feet Industrial Plot for Auction in Rajnandgaon – IOB

Property Details

Property type

Industrial Plot (Industrial)

Possession

Symbolic Possession

Area

10,000 sq feet (≈ 10,000 sq ft)

Reserve price / sq ft

₹380

Locality

—

City

Rajnandgaon

State

Chhattisgarh

Pincode

491441

Address

Rajnandgaon, Chhattisgarh, 491441 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

SPECIALISED SME - DURG-2877

Auction type

SARFAESI Auction

Borrower

SHREE B***** I****

Auction start

03 Dec 2026, 12:00 PM

Auction end

03 Dec 2026, 02:00 PM

EMD submission deadline

02 Dec 2026, 11:55 PM

Inspection

11 Nov 2026, 10:00 AM – 02 Dec 2026, 05:00 PM

Authorised officer

SOURABH TIWARI

Officer contact

8925952877

E-auction portal

BAANKNET (Property ID IOBA2877BALAJI)

Price Check

This listing's reserve price works out to ₹380 per sq ft. The average across industrial bank auctions in Rajnandgaon on our site is ₹248 per sq ft, so this one is 53% 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 11 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA2877BALAJI)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 02 Dec 2026, 11:55 PM. It is refunded if you don't win.
5. Bid online on 3 Dec 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.