1,510 sq feet Flat for Auction in Chitkul, Sangareddy – IOB

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

1,510 sq feet (≈ 1,510 sq ft)

Reserve price / sq ft

₹3,828

Locality

Chitkul

City

Sangareddy

State

Telangana

Pincode

502307

Address

Chitkul, Telangana, 502307 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

ADARSH NAGAR, HYDERABAD-1301

Auction type

SARFAESI Auction

Borrower

MOHD M*** U**** S***** B****

Auction start

18 Nov 2026, 11:00 AM

Auction end

18 Nov 2026, 01:00 PM

EMD submission deadline

17 Nov 2026, 11:59 PM

Inspection

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

Authorised officer

PRADEEP KUMAR AGM

Officer contact

9426245267

E-auction portal

BAANKNET (Property ID IOBA1301MMU)

Price Check

This listing's reserve price works out to ₹3,828 per sq ft. The average across residential bank auctions in Sangareddy on our site is ₹4,448 per sq ft, so this one is 14% 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 10 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA1301MMU)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 17 Nov 2026, 11:59 PM. It is refunded if you don't win.
5. Bid online on 18 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.