Gonda House Auction: Individual House (360 sq ft) – Reserve ₹23.11 Lakh (12 Oct 2026)

Indian Bank has put a house up for sale through the Gonda house auction, open to all registered bidders on BAANKNET. On offer is a individual house in Gonda (PIN 271002), with 360 sq ft carpet area. The online auction runs on 12 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹23,11,000.

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.

Gonda House Auction: Key Highlights

• Reserve price: ₹23,11,000 (₹23.11 Lakh)
• EMD: ₹2,31,100
• Bid increment: ₹25,000
• Auction: 12 October 2026, 11:00 AM to 4:00 PM
• Last date for EMD: 12 October 2026, 11:00 AM
• Location: Gonda, Uttar Pradesh
• Possession: Symbolic

Gonda House Auction – Complete Details

Auction ID	364675
Bank property ID	IDIB50181374318R1
Bank	Indian Bank
Branch	Gonda K U M Samity
Property type	Residential – Individual House
Carpet area	360 sq ft
City / District	Gonda
State	Uttar Pradesh
PIN code	271002
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹23,11,000
EMD	₹2,31,100
Bid increment	₹25,000
Auto-extension	10 minutes per late bid

About the Location – Gonda

The property is located in Gonda, Uttar Pradesh (PIN 271002). Uttar Pradesh is seeing fast real-estate growth around Noida, Greater Noida, Lucknow, Kanpur and Prayagraj, helped by new expressways and the Jewar airport project. The handling branch is Gonda K U M Samity, which is usually the best contact for site visits and local queries.

Is the Gonda House Auction Worth It?

At the reserve price, the property works out to about ₹6,419 per sq ft of carpet area – compare this with recent resale rates in Gonda before you bid. The EMD of ₹2,31,100 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 Gonda House Auction

• Inspection window: 24 September 2026, 12:00 PM to 11 October 2026, 5:00 PM
• EMD submission opens: 24 September 2026
• Last date for EMD: 12 October 2026, 11:00 AM
• E-auction: 12 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

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 364675 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9795432290.
4. Pay the EMD of ₹2,31,100 through the BAANKNET wallet before 12 October 2026, 11:00 AM.
5. Log in on 12 October 2026 and bid above the reserve in steps of ₹25,000; 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.

Gonda House Auction: FAQs

More Indian Bank and Uttar Pradesh Auctions

• All Indian Bank auction listings
• More house auctions
• Bank auctions in Uttar Pradesh
• Guide: symbolic vs physical possession explained

Source: Auction ID 364675 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.