400 sq yard House for Auction in New Delhi – IOB

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

400 sq yard (≈ 3,600 sq ft)

Reserve price / sq ft

₹25,166

Locality

—

City

New Delhi

State

Delhi

Pincode

110054

Address

New Delhi, 110054 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 S**** g*** P** L**

Auction start

19 Nov 2026, 12:00 PM

Auction end

19 Nov 2026, 01:00 PM

EMD submission deadline

17 Nov 2026, 05:00 PM

Inspection

04 Nov 2026, 01:00 PM – 04 Nov 2026, 04:00 PM

Authorised officer

Monika Negi

Officer contact

8968389016

E-auction portal

BAANKNET (Property ID Gems2026)

Price Check

This listing's reserve price works out to ₹25,166 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 100% 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 4 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID Gems2026)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 17 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 19 Nov 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.