Bhavnagar Property Auction: Others – Reserve ₹11.5 Lakh (27 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-365872
Property Description
Canara Bank has put a property up for sale through the Bhavnagar property auction, open to all registered bidders on BAANKNET. On offer is a others in Bhavnagar (PIN 364001). The online auction runs on 27 October 2026 (1:00 PM to 3:00 PM) with a reserve price of ₹11,50,000.
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.
Table of Contents
Table of Contents
Bhavnagar Property Auction: Key Highlights
- Reserve price: ₹11,50,000 (₹11.5 Lakh)
- EMD: ₹1,15,000
- Bid increment: ₹10,000
- Auction: 27 October 2026, 1:00 PM to 3:00 PM
- Last date for EMD: 26 October 2026, 5:00 PM
- Location: Bhavnagar, Gujarat
- Possession: Physical
Bhavnagar Property Auction – Complete Details
| Auction ID | 365872 |
| Bank property ID | CNRB93455801M |
| Bank | Canara Bank |
| Branch | Ahmedabad Specialised Arm Branch |
| Property type | Other – Others |
| City / District | Bhavnagar |
| State | Gujarat |
| PIN code | 364001 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹11,50,000 |
| EMD | ₹1,15,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Bhavnagar
The property is located in Bhavnagar, Gujarat (PIN 364001). 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 Ahmedabad Specialised Arm Branch, which is usually the best contact for site visits and local queries.
Is the Bhavnagar Property Auction Worth It?
The EMD of ₹1,15,000 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 Bhavnagar Property Auction
- Inspection window: 22 October 2026, 10:00 AM to 22 October 2026, 5:00 PM
- EMD submission opens: 27 September 2026
- Last date for EMD: 26 October 2026, 5:00 PM
- E-auction: 27 October 2026, 1:00 PM to 3:00 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 365872 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8238091942.
- Pay the EMD of ₹1,15,000 through the BAANKNET wallet before 26 October 2026, 5:00 PM.
- Log in on 27 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 auction property due diligence checklist before you bid.
Bhavnagar Property Auction: FAQs
What is the reserve price in the Bhavnagar property auction?
The reserve price is ₹11,50,000. Bids below the reserve price are not accepted.
When is the Bhavnagar property auction scheduled?
The e-auction is on 27 October 2026 from 1:00 PM to 3:00 PM. The last date for EMD is 26 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,15,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Bhavnagar, Gujarat – 364001.
Where can I see the official sale notice?
Search Auction ID 365872 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Gujarat Auctions
- All Canara Bank auction listings
- More property auctions
- Bank auctions in Gujarat
- Guide: reserve price bidding strategy
Source: Auction ID 365872 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Miscellaneous |
|---|---|
| Location | Bhavnagar, Bhavnagar, Gujarat |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 27 Sep 2026Auction Notice Published
- 22 Oct 2026Inspection Starts
- 22 Oct 2026Inspection Ends
- 26 Oct 2026Last Date for EMD Submission
- 27 Oct 2026, 1:00 PM to 3:00 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.