Indian Bank Dastan House Auction 394310: Individual House – Reserve ₹9.52 Lakh (18 Nov 2026)

Looking for a house below market price in Dastan? The Indian Bank Dastan house auction 394310 by Indian Bank is scheduled for 18 Nov 2026. On offer is a individual house in Dastan, Surat (PIN 394310). The online auction runs on 18 November 2026 (10:00 AM to 5:00 PM) with a reserve price of ₹9,52,000.

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.

Indian Bank Dastan House Auction 394310: Key Highlights

• Reserve price: ₹9,52,000 (₹9.52 Lakh)
• EMD: ₹95,200
• Bid increment: ₹10,000
• Auction: 18 November 2026, 10:00 AM to 5:00 PM
• Last date for EMD: 18 November 2026, 5:00 PM
• Location: Dastan, Surat, Gujarat
• Possession: Symbolic

Indian Bank Dastan House Auction 394310 – Complete Details

Auction ID	366774
Bank property ID	IDIB3277860492
Bank	Indian Bank
Branch	Salabatapura
Property type	Residential – Individual House
City / District	Dastan, Surat
State	Gujarat
PIN code	394310
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹9,52,000
EMD	₹95,200
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Dastan

The property is located in Dastan, Surat district, Gujarat (PIN 394310). Gujarat combines a strong manufacturing base with fast-growing cities such as Ahmedabad, Surat, Vadodara and Rajkot, which keeps demand steady for homes, shops and industrial plots. The handling branch is Salabatapura, which is usually the best contact for site visits and local queries.

Is the Indian Bank Dastan House Auction 394310 Worth It?

The EMD of ₹95,200 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 Indian Bank Dastan House Auction 394310

• Inspection window: 1 October 2026, 10:00 AM to 17 November 2026, 4:00 PM
• EMD submission opens: 30 September 2026
• Last date for EMD: 18 November 2026, 5:00 PM
• E-auction: 18 November 2026, 10:00 AM 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 366774 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9935390324.
4. Pay the EMD of ₹95,200 through the BAANKNET wallet before 18 November 2026, 5:00 PM.
5. Log in on 18 November 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.

Indian Bank Dastan House Auction 394310: FAQs

More Indian Bank and Gujarat Auctions

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

Source: Auction ID 366774 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.