Limbasi Agricultural Land Auction: Agriculture Land (1,922 sq ft) – Reserve ₹23 Lakh (8 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Limbasi agricultural land auction, offered by Bank of India at a reserve of ₹23 Lakh. On offer is a agriculture land in Limbasi, Kheda (PIN 387520), with 1,922 sq ft carpet area. The online auction runs on 8 October 2026 (12:00 PM to 1:00 PM) with a reserve price of ₹23,00,000.

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.

Limbasi Agricultural Land Auction: Key Highlights

• Reserve price: ₹23,00,000 (₹23 Lakh)
• EMD: ₹2,30,000
• Bid increment: ₹10,000
• Auction: 8 October 2026, 12:00 PM to 1:00 PM
• Last date for EMD: 7 October 2026, 5:00 PM
• Location: Limbasi, Kheda, Gujarat
• Possession: Other

Limbasi Agricultural Land Auction – Complete Details

Auction ID	359052
Bank property ID	BKID2054SHRI468
Bank	Bank of India
Branch	Arb Ahmedabad
Property type	Agriculture – Agriculture Land
Carpet area	1,922 sq ft
Locality	Village Limbashi, Taluka Matar, District Kheda
City / District	Limbasi, Kheda
State	Gujarat
PIN code	387520
Type of possession	Other
Type of action	Under DRT
Reserve price	₹23,00,000
EMD	₹2,30,000
Bid increment	₹10,000
Auto-extension	3 minutes per late bid

About the Location – Limbasi

This listing falls in Limbasi, Kheda, Gujarat, postal code 387520. Gujarat combines a strong manufacturing base with fast-growing cities such as Ahmedabad, Surat, Vadodara and Rajkot, which keeps demand steady for homes, shops and industrial plots. The handling branch is Arb Ahmedabad, which is usually the best contact for site visits and local queries.

Is the Limbasi Agricultural Land Auction Worth It?

At the reserve price, the property works out to about ₹1,197 per sq ft of carpet area – compare this with recent resale rates in Limbasi before you bid. The EMD of ₹2,30,000 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.

Important Dates for the Limbasi Agricultural Land Auction

• Inspection window: 11 September 2026, 11:00 AM to 11 September 2026, 2:00 PM
• EMD submission opens: 10 September 2026
• Last date for EMD: 7 October 2026, 5:00 PM
• E-auction: 8 October 2026, 12:00 PM to 1:00 PM
• Auto-extension: 3 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 359052 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 7696696546.
4. Pay the EMD of ₹2,30,000 through the BAANKNET wallet before 7 October 2026, 5:00 PM.
5. Log in on 8 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 3 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.

Limbasi Agricultural Land Auction: FAQs

More BOI and Gujarat Auctions

• All Bank of India auction listings
• More agricultural land auctions
• Bank auctions in Gujarat
• Guide: reserve price bidding strategy

Source: Auction ID 359052 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.