Karauli House Auction: Individual House (1,138.05 sq ft) – Reserve ₹26.68 Lakh (23 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Karauli house auction, offered by Indian Overseas Bank at a reserve of ₹26.68 Lakh. On offer is a individual house in Karauli (PIN 322241), with 1,138.05 sq ft carpet area. The online auction runs on 23 October 2026 (1:00 PM to 4:00 PM) with a reserve price of ₹26,67,600.

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.

Karauli House Auction: Key Highlights

• Reserve price: ₹26,67,600 (₹26.68 Lakh)
• EMD: ₹2,66,760
• Bid increment: ₹10,000
• Auction: 23 October 2026, 1:00 PM to 4:00 PM
• Last date for EMD: 22 October 2026, 5:00 PM
• Location: Karauli, Rajasthan
• Possession: Symbolic

Karauli House Auction – Complete Details

Auction ID	361233
Bank property ID	IOBA59612416
Bank	Indian Overseas Bank
Branch	Karauli
Property type	Residential – Individual House
Carpet area	1,138.05 sq ft
City / District	Karauli
State	Rajasthan
PIN code	322241
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹26,67,600
EMD	₹2,66,760
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Karauli

This listing falls in Karauli, Rajasthan, postal code 322241. Rajasthan’s real estate is led by Jaipur, Jodhpur, Udaipur and Kota, with tourism and the Delhi–Mumbai Industrial Corridor adding demand. The handling branch is Karauli, which is usually the best contact for site visits and local queries.

Is the Karauli House Auction Worth It?

At the reserve price, the property works out to about ₹2,344 per sq ft of carpet area – compare this with recent resale rates in Karauli before you bid. The EMD of ₹2,66,760 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 Karauli House Auction

• Inspection window: 22 September 2026, 1:08 PM to 22 October 2026, 4:08 PM
• EMD submission opens: 16 September 2026
• Last date for EMD: 22 October 2026, 5:00 PM
• E-auction: 23 October 2026, 1:00 PM 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 361233 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9660714338.
4. Pay the EMD of ₹2,66,760 through the BAANKNET wallet before 22 October 2026, 5:00 PM.
5. Log in on 23 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.

Karauli House Auction: FAQs

More IOB and Rajasthan Auctions

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

Source: Auction ID 361233 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Overseas Bank before bidding.