Jamshedpur Plot Auction: Plot (4,800.01 sq ft) – Reserve ₹98.36 Lakh (27 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Jamshedpur plot auction, offered by Bank of India at a reserve of ₹98.36 Lakh. On offer is a plot in Jamshedpur, East Singhbhum (PIN 831012), with 4,800.01 sq ft built-up and 4,800 sq ft carpet area. The online auction runs on 27 October 2026 (10:00 AM to 5:00 PM) with a reserve price of ₹98,36,000.

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.

Jamshedpur Plot Auction: Key Highlights

• Reserve price: ₹98,36,000 (₹98.36 Lakh)
• EMD: ₹9,83,600
• Bid increment: ₹10,000
• Auction: 27 October 2026, 10:00 AM to 5:00 PM
• Last date for EMD: 27 October 2026, 4:00 PM
• Location: Jamshedpur, East Singhbhum, Jharkhand
• Possession: Symbolic

Jamshedpur Plot Auction – Complete Details

Auction ID	366776
Bank property ID	BKIDTRANS
Bank	Bank of India
Branch	Arb Jamshedpur
Property type	Residential – Plot
Built-up area	4,800.01 sq ft
Carpet area	4,800 sq ft
Locality	Baliguma
City / District	Jamshedpur, East Singhbhum
State	Jharkhand
PIN code	831012
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹98,36,000
EMD	₹9,83,600
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Jamshedpur

This listing falls in Jamshedpur, East Singhbhum, Jharkhand, postal code 831012. Jharkhand’s real estate is concentrated in Ranchi, Jamshedpur, Dhanbad and Bokaro, cities built around mining and steel. The handling branch is Arb Jamshedpur, which is usually the best contact for site visits and local queries.

Is the Jamshedpur Plot Auction Worth It?

At the reserve price, the property works out to about ₹2,049 per sq ft of built-up area – compare this with recent resale rates in Jamshedpur before you bid. The EMD of ₹9,83,600 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 Jamshedpur Plot Auction

• EMD submission opens: 29 September 2026
• Last date for EMD: 27 October 2026, 4:00 PM
• E-auction: 27 October 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 366776 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9060673719.
4. Pay the EMD of ₹9,83,600 through the BAANKNET wallet before 27 October 2026, 4:00 PM.
5. Log in on 27 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 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.

Jamshedpur Plot Auction: FAQs

More BOI and Jharkhand Auctions

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

Source: Auction ID 366776 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.