1,217.33 sq feet Commercial Building for Auction in New Delhi – IOB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

1,217.33 sq feet (≈ 1,217 sq ft)

Reserve price / sq ft

₹9,262

Locality

—

City

New Delhi

State

Delhi

Pincode

110034

Address

New Delhi, 110034 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

ASSET RECOVERY MANAGEMENT BR., DELHI-1997

Auction type

DRT Auction

Borrower

M/s J*** I**** P** L**

Auction start

23 Oct 2026, 12:00 PM

Auction end

23 Oct 2026, 01:00 PM

EMD submission deadline

21 Oct 2026, 05:00 PM

Inspection

06 Oct 2026, 01:00 PM – 06 Oct 2026, 04:00 PM

Authorised officer

Monika Negi

Officer contact

8925951997

E-auction portal

BAANKNET (Property ID IOBA1997JOSH1)

Price Check

This listing's reserve price works out to ₹9,262 per sq ft. The average across commercial bank auctions in New Delhi on our site is ₹17,502 per sq ft, so this one is 47% 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 6 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA1997JOSH1)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 21 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 23 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.