Latehar House Auction: Individual House (1,320 sq ft) – Reserve ₹17.32 Lakh (27 Oct 2026)

Punjab National Bank has put a house up for sale through the Latehar house auction, open to all registered bidders on BAANKNET. On offer is a individual house in Latehar (PIN 829206), with 1,320 sq ft carpet area. The online auction runs on 27 October 2026 (10:00 AM to 4:00 PM) with a reserve price of ₹17,31,600.

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.

Latehar House Auction: Key Highlights

• Reserve price: ₹17,31,600 (₹17.32 Lakh)
• EMD: ₹1,73,160
• Bid increment: ₹1,00,000
• Auction: 27 October 2026, 10:00 AM to 4:00 PM
• Last date for EMD: 26 October 2026, 4:00 PM
• Location: Latehar, Jharkhand
• Possession: Symbolic

Latehar House Auction – Complete Details

Auction ID	365504
Bank property ID	PUNBHZBU42441700
Bank	Punjab National Bank
Branch	Branch – Circle Office Hazaribagh
Property type	Residential – Individual House
Carpet area	1,320 sq ft
Locality	Banpur
City / District	Latehar
State	Jharkhand
PIN code	829206
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹17,31,600
EMD	₹1,73,160
Bid increment	₹1,00,000
Auto-extension	10 minutes per late bid

About the Location – Latehar

This listing falls in Latehar, Jharkhand, postal code 829206. Jharkhand’s real estate is concentrated in Ranchi, Jamshedpur, Dhanbad and Bokaro, cities built around mining and steel. The handling branch is Branch – Circle Office Hazaribagh, which is usually the best contact for site visits and local queries.

Is the Latehar House Auction Worth It?

At the reserve price, the property works out to about ₹1,312 per sq ft of carpet area – compare this with recent resale rates in Latehar before you bid. The EMD of ₹1,73,160 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 Latehar House Auction

• Inspection window: 26 September 2026, 10:00 AM to 25 October 2026, 4:00 PM
• EMD submission opens: 25 September 2026
• Last date for EMD: 26 October 2026, 4:00 PM
• E-auction: 27 October 2026, 10:00 AM 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 365504 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 7033592068.
4. Pay the EMD of ₹1,73,160 through the BAANKNET wallet before 26 October 2026, 4:00 PM.
5. Log in on 27 October 2026 and bid above the reserve in steps of ₹1,00,000; 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.

Latehar House Auction: FAQs

More PNB and Jharkhand Auctions

• All Punjab National Bank auction listings
• More house auctions
• Bank auctions in Jharkhand
• Guide: symbolic vs physical possession explained

Source: Auction ID 365504 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.