1,500 sq feet House for Auction in Patan, Durg – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

1,500 sq feet (≈ 1,500 sq ft)

Reserve price / sq ft

₹6,667

Locality

Patan

City

Durg

State

Chhattisgarh

Pincode

491111

Address

Patan, Chhattisgarh, 491111 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

RAIPUR, DINDAYAL UPADYAY NAGAR - 6871

Auction type

SARFAESI Auction

Borrower

M/S A**** E***** P*** A***** M*****

Auction start

22 Oct 2026, 10:00 AM

Auction end

22 Oct 2026, 05:00 PM

EMD submission deadline

22 Oct 2026, 05:00 PM

Inspection

15 Sep 2026, 10:00 AM – 21 Oct 2026, 04:00 PM

Authorised officer

OM DHURWE

Officer contact

9827894979

E-auction portal

BAANKNET (Property ID IDIB7291349821)

Price Check

This listing's reserve price works out to ₹6,667 per sq ft. The average across residential bank auctions in Durg on our site is ₹2,410 per sq ft, so this one is 177% 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 15 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB7291349821)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 22 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 22 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.