Daudnagar Plot Auction: Plot (1,490 sq ft) – Reserve ₹23.4 Lakh (13 Oct 2026)

The Daudnagar plot auction listed by Union Bank of India on the BAANKNET e-auction portal is one of the upcoming residential plot opportunities in Bihar. On offer is a plot in Daudnagar, Aurangabad (PIN 824143), with 1,490 sq ft carpet area. The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹23,40,000.

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.

Daudnagar Plot Auction: Key Highlights

• Reserve price: ₹23,40,000 (₹23.4 Lakh)
• EMD: ₹2,34,000
• Bid increment: ₹23,400
• Auction: 13 October 2026, 12:00 PM to 5:00 PM
• Last date for EMD: 13 October 2026, 12:00 PM
• Location: Daudnagar, Aurangabad, Bihar
• Possession: Symbolic

Daudnagar Plot Auction – Complete Details

Auction ID	366779
Bank property ID	UBINRANPTA0894E
Bank	Union Bank of India
Branch	Arb Patna
Property type	Residential – Plot
Carpet area	1,490 sq ft
City / District	Daudnagar, Aurangabad
State	Bihar
PIN code	824143
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹23,40,000
EMD	₹2,34,000
Bid increment	₹23,400
Auto-extension	10 minutes per late bid

About the Location – Daudnagar

The property is located in Daudnagar, Aurangabad district, Bihar (PIN 824143). Bihar’s property demand is centred on Patna, Gaya, Muzaffarpur and Bhagalpur, where improving roads and bridges are opening up new residential areas. The handling branch is Arb Patna, which is usually the best contact for site visits and local queries.

Is the Daudnagar Plot Auction Worth It?

At the reserve price, the property works out to about ₹1,570 per sq ft of carpet area – compare this with recent resale rates in Daudnagar before you bid. The EMD of ₹2,34,000 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Daudnagar Plot Auction

• EMD submission opens: 29 September 2026
• Last date for EMD: 13 October 2026, 12:00 PM
• E-auction: 13 October 2026, 12:00 PM to 5:00 PM
• Auto-extension: 10 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 366779 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9931466199.
4. Pay the EMD of ₹2,34,000 through the BAANKNET wallet before 13 October 2026, 12:00 PM.
5. Log in on 13 October 2026 and bid above the reserve in steps of ₹23,400; 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.

Daudnagar Plot Auction: FAQs

More Union Bank and Bihar Auctions

• All Union Bank of India auction listings
• More residential plot auctions
• Bank auctions in Bihar
• Guide: reserve price bidding strategy

Source: Auction ID 366779 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Union Bank of India before bidding.