2,880 sq feet Commercial Building for Auction in Silchar, Silchar – Indian Bank

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

2,880 sq feet (≈ 2,880 sq ft)

Reserve price / sq ft

₹1,123

Locality

Silchar

City

Silchar

State

Assam

Pincode

788015

Address

Silchar, Assam, 788015 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

SILCHAR - 716

Auction type

SARFAESI Auction

Borrower

M/s I**** T*****

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 03:00 PM

EMD submission deadline

15 Oct 2026, 03:00 PM

Inspection

23 Sep 2026, 10:00 AM – 14 Oct 2026, 04:00 PM

Authorised officer

MANOJ KUMAR SUTRADHAR

Officer contact

9706058043

E-auction portal

BAANKNET (Property ID IDIB32141284841)

Price Check

This listing's reserve price works out to ₹1,123 per sq ft. The average across commercial bank auctions in Silchar on our site is ₹2,439 per sq ft, so this one is 54% 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 23 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB32141284841)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 15 Oct 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 15 Oct 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.