Jabalpur House Auction 482003: Individual House (2,450 sq ft) – Reserve ₹1.19 Cr (7 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361253
Property Description
Industrial Development Bank of India Limited has put a house up for sale through the Jabalpur house auction 482003, open to all registered bidders on BAANKNET. On offer is a individual house in Jabalpur (PIN 482003), with 2,450 sq ft carpet area. The online auction runs on 7 October 2026 (12:00 PM to 1:00 PM) with a reserve price of ₹1,18,60,000.
The property is being sold under DRT 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
Jabalpur House Auction 482003: Key Highlights
- Reserve price: ₹1,18,60,000 (₹1.19 Cr)
- EMD: ₹11,86,000
- Bid increment: ₹1,20,000
- Auction: 7 October 2026, 12:00 PM to 1:00 PM
- Last date for EMD: 5 October 2026, 5:00 PM
- Location: Jabalpur, Madhya Pradesh
- Possession: Physical
Jabalpur House Auction 482003 – Complete Details
| Auction ID | 361253 |
| Bank property ID | IBKLVIJ3517170 |
| Bank | Industrial Development Bank of India Limited |
| Branch | Jabalpur |
| Property type | Residential – Individual House |
| Carpet area | 2,450 sq ft |
| City / District | Jabalpur |
| State | Madhya Pradesh |
| PIN code | 482003 |
| Type of possession | Physical |
| Type of action | Under DRT |
| Reserve price | ₹1,18,60,000 |
| EMD | ₹11,86,000 |
| Bid increment | ₹1,20,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Jabalpur
Jabalpur is in Jabalpur district of Madhya Pradesh, under PIN code 482003. 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 Jabalpur, which is usually the best contact for site visits and local queries.
Is the Jabalpur House Auction 482003 Worth It?
At the reserve price, the property works out to about ₹4,841 per sq ft of carpet area – compare this with recent resale rates in Jabalpur before you bid. The EMD of ₹11,86,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Jabalpur House Auction 482003
- EMD submission opens: 16 September 2026
- Last date for EMD: 5 October 2026, 5:00 PM
- E-auction: 7 October 2026, 12:00 PM to 1:00 PM
- Auto-extension: 5 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 361253 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9556828284.
- Pay the EMD of ₹11,86,000 through the BAANKNET wallet before 5 October 2026, 5:00 PM.
- Log in on 7 October 2026 and bid above the reserve in steps of ₹1,20,000; 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.
- 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.
Jabalpur House Auction 482003: FAQs
What is the reserve price in the Jabalpur house auction 482003?
The reserve price is ₹1,18,60,000. Bids below the reserve price are not accepted.
When is the Jabalpur house auction 482003 scheduled?
The e-auction is on 7 October 2026 from 12:00 PM to 1:00 PM. The last date for EMD is 5 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹11,86,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Jabalpur, Madhya Pradesh – 482003.
Where can I see the official sale notice?
Search Auction ID 361253 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More IDBI and Madhya Pradesh Auctions
- All Industrial Development Bank of India Limited auction listings
- More house auctions
- Bank auctions in Madhya Pradesh
- Guide: symbolic vs physical possession explained
Source: Auction ID 361253 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Industrial Development Bank of India Limited 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 IDBI Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 2450 sq ft |
| Location | Jabalpur, Jabalpur, Madhya Pradesh |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 16 Sep 2026Auction Notice Published
- 5 Oct 2026Last Date for EMD Submission
- 7 Oct 2026, 12:00 PM to 1:00 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.