Gamiria Sagar House Auction: Individual House (1,000 sq ft) – Reserve ₹28.47 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362889
Property Description
The Gamiria Sagar house auction listed by Bank of India on the BAANKNET e-auction portal is one of the upcoming house opportunities in Madhya Pradesh. On offer is a individual house in Gamiria Sagar, Sagar (PIN 470004), with 1,000 sq ft carpet area. The online auction runs on 9 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹28,47,000.
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
Gamiria Sagar House Auction: Key Highlights
- Reserve price: ₹28,47,000 (₹28.47 Lakh)
- EMD: ₹2,84,700
- Bid increment: ₹10,000
- Auction: 9 October 2026, 11:00 AM to 5:00 PM
- Last date for EMD: 9 October 2026, 4:59 PM
- Location: Gamiria Sagar, Sagar, Madhya Pradesh
- Possession: Symbolic
Gamiria Sagar House Auction – Complete Details
| Auction ID | 362889 |
| Bank property ID | BKID000942801 |
| Bank | Bank of India |
| Branch | Makronia Buzurg |
| Property type | Residential – Individual House |
| Carpet area | 1,000 sq ft |
| Locality | Market Area |
| City / District | Gamiria Sagar, Sagar |
| State | Madhya Pradesh |
| PIN code | 470004 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹28,47,000 |
| EMD | ₹2,84,700 |
| Bid increment | ₹10,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Gamiria Sagar
This listing falls in Gamiria Sagar, Sagar, Madhya Pradesh, postal code 470004. Madhya Pradesh offers affordable real estate in Indore, Bhopal, Jabalpur and Gwalior, with Indore in particular known for clean, well-planned growth. The handling branch is Makronia Buzurg, which is usually the best contact for site visits and local queries.
Is the Gamiria Sagar House Auction Worth It?
At the reserve price, the property works out to about ₹2,847 per sq ft of carpet area – compare this with recent resale rates in Gamiria Sagar before you bid. The EMD of ₹2,84,700 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 Gamiria Sagar House Auction
- Inspection window: 8 October 2026, 11:00 AM to 8 October 2026, 5:00 PM
- EMD submission opens: 19 September 2026
- Last date for EMD: 9 October 2026, 4:59 PM
- E-auction: 9 October 2026, 11:00 AM to 5:00 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 362889 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 7985276357.
- Pay the EMD of ₹2,84,700 through the BAANKNET wallet before 9 October 2026, 4:59 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹10,000; 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 buying bank auction houses and villas before you bid.
Gamiria Sagar House Auction: FAQs
What is the reserve price in the Gamiria Sagar house auction?
The reserve price is ₹28,47,000. Bids below the reserve price are not accepted.
When is the Gamiria Sagar house auction scheduled?
The e-auction is on 9 October 2026 from 11:00 AM to 5:00 PM. The last date for EMD is 9 October 2026, 4:59 PM.
How much EMD is required?
The earnest money deposit is ₹2,84,700. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Gamiria Sagar, Sagar, Madhya Pradesh – 470004.
Where can I see the official sale notice?
Search Auction ID 362889 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More BOI and Madhya Pradesh Auctions
- All Bank of India auction listings
- More house auctions
- Bank auctions in Madhya Pradesh
- Guide: symbolic vs physical possession explained
Source: Auction ID 362889 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with 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 Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 1000 sq ft |
| Location | Gamiria Sagar, Sagar, Sagar, Madhya Pradesh |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 19 Sep 2026Auction Notice Published
- 8 Oct 2026Inspection Starts
- 8 Oct 2026Inspection Ends
- 9 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:00 AM to 5:00 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.