Kota House Auction 324005: Individual House (44.63 sq ft) – Reserve ₹29 Lakh (28 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361762
Property Description
Indian Bank has put a house up for sale through the Kota house auction 324005, open to all registered bidders on BAANKNET. On offer is a individual house in Kota (PIN 324005), with 44.63 sq ft carpet area. The online auction runs on 28 October 2026 (10:00 AM to 6:00 PM) with a reserve price of ₹29,00,000.
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.
Table of Contents
Table of Contents
Kota House Auction 324005: Key Highlights
- Reserve price: ₹29,00,000 (₹29 Lakh)
- EMD: ₹2,90,000
- Bid increment: ₹10,000
- Auction: 28 October 2026, 10:00 AM to 6:00 PM
- Last date for EMD: 27 October 2026, 5:00 PM
- Location: Kota, Rajasthan
- Possession: Symbolic
Kota House Auction 324005 – Complete Details
| Auction ID | 361762 |
| Bank property ID | IDIB358861316 |
| Bank | Indian Bank |
| Branch | Kota Main |
| Property type | Residential – Individual House |
| Carpet area | 44.63 sq ft |
| City / District | Kota |
| State | Rajasthan |
| PIN code | 324005 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹29,00,000 |
| EMD | ₹2,90,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Kota
Kota is in Kota district of Rajasthan, under PIN code 324005. 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 Kota Main, which is usually the best contact for site visits and local queries.
Is the Kota House Auction 324005 Worth It?
At the reserve price, the property works out to about ₹64,979 per sq ft of carpet area – compare this with recent resale rates in Kota before you bid. The EMD of ₹2,90,000 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Kota House Auction 324005
- Inspection window: 18 September 2026, 11:00 AM to 27 October 2026, 4:00 PM
- EMD submission opens: 17 September 2026
- Last date for EMD: 27 October 2026, 5:00 PM
- E-auction: 28 October 2026, 10:00 AM to 6:00 PM
- Auto-extension: 10 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 361762 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9781828111.
- Pay the EMD of ₹2,90,000 through the BAANKNET wallet before 27 October 2026, 5:00 PM.
- Log in on 28 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.
Kota House Auction 324005: FAQs
What is the reserve price in the Kota house auction 324005?
The reserve price is ₹29,00,000. Bids below the reserve price are not accepted.
When is the Kota house auction 324005 scheduled?
The e-auction is on 28 October 2026 from 10:00 AM to 6:00 PM. The last date for EMD is 27 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,90,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Kota, Rajasthan – 324005.
Where can I see the official sale notice?
Search Auction ID 361762 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Rajasthan Auctions
- All Indian Bank auction listings
- More house auctions
- Bank auctions in Rajasthan
- Guide: symbolic vs physical possession explained
Source: Auction ID 361762 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank 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 Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 44.63 sq ft |
| Location | Kota, Kota, Rajasthan |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 17 Sep 2026Auction Notice Published
- 18 Sep 2026Inspection Starts
- 27 Oct 2026Inspection Ends
- 27 Oct 2026Last Date for EMD Submission
- 28 Oct 2026, 10:00 AM to 6:00 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.