Ahmedabad Flat Auction 382350: Flat (60 sq ft) – Reserve ₹17 Lakh (5 Nov 2026)
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Property ID: BKN-364559
Property Description
Looking for a flat below market price in Ahmedabad? The Ahmedabad flat auction 382350 by Indian Overseas Bank is scheduled for 5 Nov 2026. On offer is a flat in Ahmedabad (PIN 382350), with 60 sq ft carpet area. The online auction runs on 5 November 2026 (12:00 PM to 1:00 PM) with a reserve price of ₹17,00,000.
The property is being sold under DRT on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Ahmedabad Flat Auction 382350: Key Highlights
- Reserve price: ₹17,00,000 (₹17 Lakh)
- EMD: ₹1,70,000
- Bid increment: ₹10,000
- Auction: 5 November 2026, 12:00 PM to 1:00 PM
- Last date for EMD: 3 November 2026, 5:00 PM
- Location: Ahmedabad, Gujarat
- Possession: Physical
Ahmedabad Flat Auction 382350 – Complete Details
| Auction ID | 364559 |
| Bank property ID | IOBAKOMALRES1 |
| Bank | Indian Overseas Bank |
| Branch | Specialised Arm Branch – Ahmedabad |
| Property type | Residential – Flat |
| Carpet area | 60 sq ft |
| City / District | Ahmedabad |
| State | Gujarat |
| PIN code | 382350 |
| Type of possession | Physical |
| Type of action | Under DRT |
| Reserve price | ₹17,00,000 |
| EMD | ₹1,70,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Ahmedabad
The property is located in Ahmedabad, Gujarat (PIN 382350). Gujarat combines a strong manufacturing base with fast-growing cities such as Ahmedabad, Surat, Vadodara and Rajkot, which keeps demand steady for homes, shops and industrial plots. The handling branch is Specialised Arm Branch – Ahmedabad, which is usually the best contact for site visits and local queries.
Is the Ahmedabad Flat Auction 382350 Worth It?
At the reserve price, the property works out to about ₹28,333 per sq ft of carpet area – compare this with recent resale rates in Ahmedabad before you bid. The EMD of ₹1,70,000 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Ahmedabad Flat Auction 382350
- Inspection window: 21 October 2026, 2:00 PM to 21 October 2026, 4:00 PM
- EMD submission opens: 23 September 2026
- Last date for EMD: 3 November 2026, 5:00 PM
- E-auction: 5 November 2026, 12:00 PM to 1:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 364559 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8925952581.
- Pay the EMD of ₹1,70,000 through the BAANKNET wallet before 3 November 2026, 5:00 PM.
- Log in on 5 November 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Verify the title documents and the society or builder NOC.
- Check pending maintenance, property tax and utility dues.
- Confirm the possession status and whether the flat is occupied.
- Check the approved plan and occupancy certificate for the building.
- Read our tips for buying bank auction flats before you bid.
Ahmedabad Flat Auction 382350: FAQs
What is the reserve price in the Ahmedabad flat auction 382350?
The reserve price is ₹17,00,000. Bids below the reserve price are not accepted.
When is the Ahmedabad flat auction 382350 scheduled?
The e-auction is on 5 November 2026 from 12:00 PM to 1:00 PM. The last date for EMD is 3 November 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,70,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Ahmedabad, Gujarat – 382350.
Where can I see the official sale notice?
Search Auction ID 364559 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More IOB and Gujarat Auctions
- All Indian Overseas Bank auction listings
- More flat auctions
- Bank auctions in Gujarat
- Guide: home loan for auction property
Source: Auction ID 364559 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Overseas Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Indian Overseas Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Land Area | 60 sq ft |
| Location | Ahmedabad, Ahmedabad, Gujarat |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 23 Sep 2026Auction Notice Published
- 21 Oct 2026Inspection Starts
- 21 Oct 2026Inspection Ends
- 3 Nov 2026Last Date for EMD Submission
- 5 Nov 2026, 12:00 PM to 1:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.