Amravati Plot Auction: Plot (202.13 sq ft) – Reserve ₹23.5 Lakh (9 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Amravati plot auction, offered by Punjab National Bank at a reserve of ₹23.5 Lakh. On offer is a plot in Amravati (PIN 444603), with 202.13 sq ft carpet area. The online auction runs on 9 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹23,50,000.

The property is being sold under SARFAESI 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.

Amravati Plot Auction: Key Highlights

• Reserve price: ₹23,50,000 (₹23.5 Lakh)
• EMD: ₹2,35,000
• Bid increment: ₹10,000
• Auction: 9 October 2026, 11:00 AM to 4:00 PM
• Last date for EMD: 8 October 2026, 11:59 PM
• Location: Amravati, Maharashtra
• Possession: Symbolic

Amravati Plot Auction – Complete Details

Auction ID	366442
Bank property ID	PUNB3846shrikhande
Bank	Punjab National Bank
Branch	Branch – Circle Office Nagpur
Property type	Residential – Plot
Carpet area	202.13 sq ft
City / District	Amravati
State	Maharashtra
PIN code	444603
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹23,50,000
EMD	₹2,35,000
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Amravati

The property is located in Amravati, Maharashtra (PIN 444603). Maharashtra is India’s largest real-estate market, led by the Mumbai Metropolitan Region, Pune and Nagpur, and backed by strong industrial corridors such as the Samruddhi Mahamarg and the Mumbai–Pune belt. The handling branch is Branch – Circle Office Nagpur, which is usually the best contact for site visits and local queries.

Is the Amravati Plot Auction Worth It?

At the reserve price, the property works out to about ₹11,626 per sq ft of carpet area – compare this with recent resale rates in Amravati before you bid. The EMD of ₹2,35,000 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Amravati Plot Auction

• EMD submission opens: 28 September 2026
• Last date for EMD: 8 October 2026, 11:59 PM
• E-auction: 9 October 2026, 11:00 AM to 4:00 PM
• Auto-extension: 10 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366442 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8770503620.
4. Pay the EMD of ₹2,35,000 through the BAANKNET wallet before 8 October 2026, 11:59 PM.
5. Log in on 9 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 10 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

• Obtain the encumbrance certificate and verify the title chain.
• Confirm land use or zoning and road access on site.
• Check the survey sketch, boundaries and any encroachment.
• Verify that property tax and other local dues are clear.
• Read our auction property due diligence checklist before you bid.

Amravati Plot Auction: FAQs

More PNB and Maharashtra Auctions

• All Punjab National Bank auction listings
• More residential plot auctions
• Bank auctions in Maharashtra
• Guide: reserve price bidding strategy

Source: Auction ID 366442 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.