49 sq meter Flat for Auction in New Delhi – Indian Bank

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

49 sq meter (≈ 527 sq ft)

Reserve price / sq ft

₹5,309

Locality

—

City

New Delhi

State

Delhi

Pincode

110059

Address

New Delhi, 110059 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

VIKASPURI - 1516

Auction type

SARFAESI Auction

Borrower

RAKESH R*****

Auction start

23 Oct 2026, 11:00 AM

Auction end

23 Oct 2026, 05:00 PM

EMD submission deadline

23 Oct 2026, 03:00 PM

Inspection

21 Oct 2026, 10:00 AM – 22 Oct 2026, 04:00 PM

Authorised officer

GAURAV GAUTAM

Officer contact

7988339641

E-auction portal

BAANKNET (Property ID IDIB3208400945)

Price Check

This listing's reserve price works out to ₹5,309 per sq ft. The average across residential bank auctions in New Delhi on our site is ₹12,592 per sq ft, so this one is 58% 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 21 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB3208400945)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 23 Oct 2026, 03:00 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.