Barasat House Auction 700126: Individual House (1,529 sq ft) – Reserve ₹54.79 Lakh (28 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364448
Property Description
Here is a fresh bank e-auction worth tracking: the Barasat house auction 700126, offered by Indian Bank at a reserve of ₹54.79 Lakh. On offer is a individual house in Barasat, North Twenty Four Parganas (PIN 700126), with 1,529 sq ft carpet area. The online auction runs on 28 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹54,79,000.
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.
Table of Contents
Table of Contents
Barasat House Auction 700126: Key Highlights
- Reserve price: ₹54,79,000 (₹54.79 Lakh)
- EMD: ₹5,47,900
- Bid increment: ₹10,000
- Auction: 28 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 28 October 2026, 3:00 PM
- Location: Barasat, North Twenty Four Parganas, West Bengal
- Possession: Symbolic
Barasat House Auction 700126 – Complete Details
| Auction ID | 364448 |
| Bank property ID | IDIB7185098276 |
| Bank | Indian Bank |
| Branch | Barasat Sme Finance Branch |
| Property type | Residential – Individual House |
| Carpet area | 1,529 sq ft |
| City / District | Barasat, North Twenty Four Parganas |
| State | West Bengal |
| PIN code | 700126 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹54,79,000 |
| EMD | ₹5,47,900 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Barasat
This listing falls in Barasat, North Twenty Four Parganas, West Bengal, postal code 700126. West Bengal’s property market centres on Kolkata and its suburbs, with growing demand in Howrah, Hooghly and North 24 Parganas as metro and road links improve. The handling branch is Barasat Sme Finance Branch, which is usually the best contact for site visits and local queries.
Is the Barasat House Auction 700126 Worth It?
At the reserve price, the property works out to about ₹3,583 per sq ft of carpet area – compare this with recent resale rates in Barasat before you bid. The EMD of ₹5,47,900 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Barasat House Auction 700126
- Inspection window: 25 September 2026, 11:00 AM to 28 October 2026, 10:00 AM
- EMD submission opens: 23 September 2026
- Last date for EMD: 28 October 2026, 3:00 PM
- E-auction: 28 October 2026, 11:00 AM to 4:00 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 364448 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9062170309.
- Pay the EMD of ₹5,47,900 through the BAANKNET wallet before 28 October 2026, 3:00 PM.
- Log in on 28 October 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
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our buying bank auction houses and villas before you bid.
Barasat House Auction 700126: FAQs
What is the reserve price in the Barasat house auction 700126?
The reserve price is ₹54,79,000. Bids below the reserve price are not accepted.
When is the Barasat house auction 700126 scheduled?
The e-auction is on 28 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 28 October 2026, 3:00 PM.
How much EMD is required?
The earnest money deposit is ₹5,47,900. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Barasat, North Twenty Four Parganas, West Bengal – 700126.
Where can I see the official sale notice?
Search Auction ID 364448 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and West Bengal Auctions
- All Indian Bank auction listings
- More house auctions
- Bank auctions in West Bengal
- Guide: symbolic vs physical possession explained
Source: Auction ID 364448 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian 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 Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 1529 sq ft |
| Location | Barasat, North Twenty Four Parganas, North Twenty Four Parganas, West Bengal |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 23 Sep 2026Auction Notice Published
- 25 Sep 2026Inspection Starts
- 28 Oct 2026Inspection Ends
- 28 Oct 2026Last Date for EMD Submission
- 28 Oct 2026, 11:00 AM to 4:00 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.