Bidar House Auction: Individual House (3,650 sq ft) – Reserve ₹96 Lakh (27 Oct 2026)

The Bidar house auction listed by Canara Bank on the BAANKNET e-auction portal is one of the upcoming house opportunities in Karnataka. On offer is a individual house in Bidar (PIN 585403), with 3,650 sq ft carpet area. The online auction runs on 27 October 2026 (11:30 AM to 1:30 PM) with a reserve price of ₹96,00,000.

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.

Bidar House Auction: Key Highlights

• Reserve price: ₹96,00,000 (₹96 Lakh)
• EMD: ₹9,60,000
• Bid increment: ₹50,000
• Auction: 27 October 2026, 11:30 AM to 1:30 PM
• Last date for EMD: 26 October 2026, 9:00 PM
• Location: Bidar, Karnataka
• Possession: Symbolic

Bidar House Auction – Complete Details

Auction ID	363321
Bank property ID	CNRB311208500
Bank	Canara Bank
Branch	Specialized Arm Branch, Vijayapura
Property type	Residential – Individual House
Carpet area	3,650 sq ft
Locality	Bhadroddin South Colony Bidar
City / District	Bidar
State	Karnataka
PIN code	585403
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹96,00,000
EMD	₹9,60,000
Bid increment	₹50,000
Auto-extension	5 minutes per late bid

About the Location – Bidar

This listing falls in Bidar, Karnataka, postal code 585403. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Specialized Arm Branch, Vijayapura, which is usually the best contact for site visits and local queries.

Is the Bidar House Auction Worth It?

At the reserve price, the property works out to about ₹2,630 per sq ft of carpet area – compare this with recent resale rates in Bidar before you bid. The EMD of ₹9,60,000 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 Bidar House Auction

• Inspection window: 5 October 2026, 10:00 AM to 26 October 2026, 4:00 PM
• EMD submission opens: 21 September 2026
• Last date for EMD: 26 October 2026, 9:00 PM
• E-auction: 27 October 2026, 11:30 AM to 1:30 PM
• Auto-extension: 5 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 363321 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 6366975034.
4. Pay the EMD of ₹9,60,000 through the BAANKNET wallet before 26 October 2026, 9:00 PM.
5. Log in on 27 October 2026 and bid above the reserve in steps of ₹50,000; 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.

Bidar House Auction: FAQs

More Canara Bank and Karnataka Auctions

• All Canara Bank auction listings
• More house auctions
• Bank auctions in Karnataka
• Guide: symbolic vs physical possession explained

Source: Auction ID 363321 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.