Bhilai Property Auction: Others – Reserve ₹24.12 Lakh (15 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366880
Property Description
Here is a fresh bank e-auction worth tracking: the Bhilai property auction, offered by State Bank of India at a reserve of ₹24.12 Lakh. On offer is a others in Bhilai, Durg (PIN 491001). The online auction runs on 15 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹24,12,000.
The property is being sold under Others 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
Bhilai Property Auction: Key Highlights
- Reserve price: ₹24,12,000 (₹24.12 Lakh)
- EMD: ₹2,41,200
- Bid increment: ₹1,00,000
- Auction: 15 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 15 October 2026, 4:00 PM
- Location: Bhilai, Durg, Chhattisgarh
- Possession: Physical
Bhilai Property Auction – Complete Details
| Auction ID | 366880 |
| Bank property ID | SBINCG07CS8600 |
| Bank | State Bank of India |
| Branch | Industrial Estate Bhilai |
| Property type | Other – Others |
| Locality | Parking Yard At Dhamdha Road Durg |
| City / District | Bhilai, Durg |
| State | Chhattisgarh |
| PIN code | 491001 |
| Type of possession | Physical |
| Type of action | Others |
| Reserve price | ₹24,12,000 |
| EMD | ₹2,41,200 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Bhilai
This listing falls in Bhilai, Durg, Chhattisgarh, postal code 491001. Chhattisgarh’s property demand is concentrated in Raipur, Bhilai-Durg and Bilaspur, supported by steel, power and mining industries. The handling branch is Industrial Estate Bhilai, which is usually the best contact for site visits and local queries.
Is the Bhilai Property Auction Worth It?
The EMD of ₹2,41,200 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Bhilai Property Auction
- Inspection window: 14 October 2026, 11:00 AM to 14 October 2026, 4:00 PM
- EMD submission opens: 29 September 2026
- Last date for EMD: 15 October 2026, 4:00 PM
- E-auction: 15 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
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366880 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8435545643.
- Pay the EMD of ₹2,41,200 through the BAANKNET wallet before 15 October 2026, 4:00 PM.
- Log in on 15 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.
- 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.
Bhilai Property Auction: FAQs
What is the reserve price in the Bhilai property auction?
The reserve price is ₹24,12,000. Bids below the reserve price are not accepted.
When is the Bhilai property auction scheduled?
The e-auction is on 15 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 15 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,41,200. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Bhilai, Durg, Chhattisgarh – 491001.
Where can I see the official sale notice?
Search Auction ID 366880 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More SBI and Chhattisgarh Auctions
- All State Bank of India auction listings
- More property auctions
- Bank auctions in Chhattisgarh
- Guide: reserve price bidding strategy
Source: Auction ID 366880 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with State Bank of India 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 State Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Miscellaneous |
|---|---|
| Location | Bhilai, Durg, Durg, Chhattisgarh |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 29 Sep 2026Auction Notice Published
- 14 Oct 2026Inspection Starts
- 14 Oct 2026Inspection Ends
- 15 Oct 2026Last Date for EMD Submission
- 15 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.