55 sq meter House for Auction in Silchar, Silchar – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

55 sq meter (≈ 592 sq ft)

Reserve price / sq ft

₹14,358

Locality

Silchar

City

Silchar

State

Assam

Pincode

788001

Address

Silchar, Assam, 788001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

KARIMGANJ - 3004

Auction type

SARFAESI Auction

Borrower

M/S. L U S****

Auction start

30 Sep 2026, 11:00 AM

Auction end

30 Sep 2026, 03:00 PM

EMD submission deadline

30 Sep 2026, 03:00 PM

Inspection

01 Sep 2026, 09:00 AM – 29 Sep 2026, 04:00 PM

Authorised officer

SUBHAJIT DEB

Officer contact

9395403073

E-auction portal

BAANKNET (Property ID IDIB30564533818)

Price Check

This listing's reserve price works out to ₹14,358 per sq ft. The average across residential bank auctions in Silchar on our site is ₹3,096 per sq ft, so this one is 364% 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 1 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB30564533818)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 30 Sep 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 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.