Bilaspur Commercial Plot Auction: Plot (375 sq ft) – Reserve ₹14.2 Lakh (28 Oct 2026)

Looking for a commercial plot below market price in Bilaspur? The Bilaspur commercial plot auction by Bank of Baroda is scheduled for 28 Oct 2026. On offer is a plot in Bilaspur (PIN 495001), with 375 sq ft carpet area. The online auction runs on 28 October 2026 (2:00 PM to 6:00 PM) with a reserve price of ₹14,20,000.

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.

Bilaspur Commercial Plot Auction: Key Highlights

• Reserve price: ₹14,20,000 (₹14.2 Lakh)
• EMD: ₹1,42,000
• Bid increment: ₹10,000
• Auction: 28 October 2026, 2:00 PM to 6:00 PM
• Last date for EMD: 28 October 2026, 6:00 PM
• Location: Bilaspur, Chhattisgarh
• Possession: Physical

Bilaspur Commercial Plot Auction – Complete Details

Auction ID	367891
Bank property ID	BARB322220260001
Bank	Bank of Baroda
Branch	Rajkishore Nagar
Property type	Commercial – Plot
Carpet area	375 sq ft
Locality	Vyapar Vihar
City / District	Bilaspur
State	Chhattisgarh
PIN code	495001
Type of possession	Physical
Type of action	Under SARFAESI
Reserve price	₹14,20,000
EMD	₹1,42,000
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Bilaspur

This listing falls in Bilaspur, Chhattisgarh, postal code 495001. Chhattisgarh’s property demand is concentrated in Raipur, Bhilai-Durg and Bilaspur, supported by steel, power and mining industries. The handling branch is Rajkishore Nagar, which is usually the best contact for site visits and local queries.

Is the Bilaspur Commercial Plot Auction Worth It?

At the reserve price, the property works out to about ₹3,787 per sq ft of carpet area – compare this with recent resale rates in Bilaspur before you bid. The EMD of ₹1,42,000 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. The bank holds physical possession, which usually makes handover after the sale smoother.

Important Dates for the Bilaspur Commercial Plot Auction

• Inspection window: 26 October 2026, 2:00 PM to 26 October 2026, 5:00 PM
• EMD submission opens: 1 October 2026
• Last date for EMD: 28 October 2026, 6:00 PM
• E-auction: 28 October 2026, 2:00 PM to 6:00 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 367891 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9132919113.
4. Pay the EMD of ₹1,42,000 through the BAANKNET wallet before 28 October 2026, 6:00 PM.
5. 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 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.

Bilaspur Commercial Plot Auction: FAQs

More BoB and Chhattisgarh Auctions

• All Bank of Baroda auction listings
• More commercial plot auctions
• Bank auctions in Chhattisgarh
• Guide: reserve price bidding strategy

Source: Auction ID 367891 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of Baroda before bidding.