Bengaluru Commercial Plot Auction: Plot (3,915 sq ft) – Reserve ₹5.71 Cr (22 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-363883
Property Description
Here is a fresh bank e-auction worth tracking: the Bengaluru commercial plot auction, offered by Indian Overseas Bank at a reserve of ₹5.71 Cr. On offer is a plot in Bengaluru, Bengaluru Urban (PIN 560056), with 3,915 sq ft carpet area. The online auction runs on 22 October 2026 (11:00 AM to 1:00 PM) with a reserve price of ₹5,71,48,000.
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
Bengaluru Commercial Plot Auction: Key Highlights
- Reserve price: ₹5,71,48,000 (₹5.71 Cr)
- EMD: ₹57,14,800
- Bid increment: ₹1,00,000
- Auction: 22 October 2026, 11:00 AM to 1:00 PM
- Last date for EMD: 22 October 2026, 9:00 AM
- Location: Bengaluru, Bengaluru Urban, Karnataka
- Possession: Symbolic
Bengaluru Commercial Plot Auction – Complete Details
| Auction ID | 363883 |
| Bank property ID | IOBA1605PRINCE03 |
| Bank | Indian Overseas Bank |
| Branch | Bannerghatta Road |
| Property type | Commercial – Plot |
| Carpet area | 3,915 sq ft |
| City / District | Bengaluru, Bengaluru Urban |
| State | Karnataka |
| PIN code | 560056 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹5,71,48,000 |
| EMD | ₹57,14,800 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Bengaluru
The property is located in Bengaluru, Bengaluru Urban district, Karnataka (PIN 560056). Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Bannerghatta Road, which is usually the best contact for site visits and local queries.
Is the Bengaluru Commercial Plot Auction Worth It?
At the reserve price, the property works out to about ₹14,597 per sq ft of carpet area – compare this with recent resale rates in Bengaluru before you bid. The EMD of ₹57,14,800 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 Bengaluru Commercial Plot Auction
- Inspection window: 23 September 2026, 10:00 AM to 19 October 2026, 5:00 PM
- EMD submission opens: 22 September 2026
- Last date for EMD: 22 October 2026, 9:00 AM
- E-auction: 22 October 2026, 11:00 AM to 1:00 PM
- Auto-extension: 10 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 363883 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 7684982626.
- Pay the EMD of ₹57,14,800 through the BAANKNET wallet before 22 October 2026, 9:00 AM.
- Log in on 22 October 2026 and bid above the reserve in steps of ₹1,00,000; 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.
Bengaluru Commercial Plot Auction: FAQs
What is the reserve price in the Bengaluru commercial plot auction?
The reserve price is ₹5,71,48,000. Bids below the reserve price are not accepted.
When is the Bengaluru commercial plot auction scheduled?
The e-auction is on 22 October 2026 from 11:00 AM to 1:00 PM. The last date for EMD is 22 October 2026, 9:00 AM.
How much EMD is required?
The earnest money deposit is ₹57,14,800. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Bengaluru, Bengaluru Urban, Karnataka – 560056.
Where can I see the official sale notice?
Search Auction ID 363883 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More IOB and Karnataka Auctions
- All Indian Overseas Bank auction listings
- More commercial plot auctions
- Bank auctions in Karnataka
- Guide: reserve price bidding strategy
Source: Auction ID 363883 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 | Commercial Land |
|---|---|
| Land Area | 3915 sq ft |
| Location | Bengaluru, Bengaluru Urban, Bengaluru, Karnataka |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 22 Sep 2026Auction Notice Published
- 23 Sep 2026Inspection Starts
- 19 Oct 2026Inspection Ends
- 22 Oct 2026Last Date for EMD Submission
- 22 Oct 2026, 11:00 AM 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.