50 sq yd Land & Building for Auction in Delhi – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

50 sq yd (≈ 450 sq ft)

Reserve price / sq ft

₹32,111

Locality

—

City

Delhi

State

Delhi

Pincode

110031

Address

All that Part and Parcel of Freehold Residential Property admeasuring 50 square yards out of area measuring 100 sq. yrds. out of total area measuring 218 sq. yrds. out of Khasra no. 464/362 along with Residential Buildings constructed upon it bearing no. MPL 783/18-A/5 (old), New MdYbluvjqPNo. IX/7172 along with all other constructions. improvements, Easementary Rights existing and appurtenant thereon situated at Gaur Nanak Gali, Gandhi Nagar, Village Seelampur. Illaqa Shahdara, Delhi 110031 owned by Late Ramesh Kumar Dawar (since expired and represented by his legal heirs; Mrs. Savita Dawar. Mr. Vinay Dawar, Mr.Nitin Dawar and Mrs Shivani Kochar), Mr. Rakesh Kumar and Mr. Suresh Kumar more particularly described under Sale Deed No. 1287 dated 09-45-1989 at SRO-IV, New Delhi/Delhi and Will dated 02-06-1997 bounded on North by Common Passage, South by Other's property, East by Common Wall & shop no. 7 and West by Common Wall & Shop no. 5. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Vasundhara Branch

Auction type

SARFAESI Auction

Borrower

M/s Shri G***** T***** I***** L*****

Auction start

06 Oct 2026, 11:00 AM

Auction end

06 Oct 2026, 11:30 AM

EMD submission deadline

05 Oct 2026, 02:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401437

Price Check

This listing's reserve price works out to ₹32,111 per sq ft. The average across residential bank auctions in Delhi on our site is ₹16,674 per sq ft, so this one is 93% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2401437), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹14,45,000 before 05 Oct 2026, 02:00 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 2026 starting above the reserve price, in multiples of ₹10,000.
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.