Lucknow Flat Auction: Flat (178 sq ft) – Reserve ₹95.88 Lakh (23 Oct 2026)

Looking for a flat below market price in Lucknow? The Lucknow flat auction by Canara Bank is scheduled for 23 Oct 2026. On offer is a flat in Lucknow (PIN 226003), with 178 sq ft carpet area. The online auction runs on 23 October 2026 (10:00 AM to 1:00 PM) with a reserve price of ₹95,88,000.

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.

Lucknow Flat Auction: Key Highlights

• Reserve price: ₹95,88,000 (₹95.88 Lakh)
• EMD: ₹9,58,800
• Bid increment: ₹50,000
• Auction: 23 October 2026, 10:00 AM to 1:00 PM
• Last date for EMD: 22 October 2026, 5:00 PM
• Location: Lucknow, Uttar Pradesh
• Possession: Physical

Lucknow Flat Auction – Complete Details

Auction ID	366613
Bank property ID	CNRB303450464
Bank	Canara Bank
Branch	Lucknow Specialised Arm Branch
Property type	Residential – Flat
Carpet area	178 sq ft
City / District	Lucknow
State	Uttar Pradesh
PIN code	226003
Type of possession	Physical
Type of action	Under SARFAESI
Reserve price	₹95,88,000
EMD	₹9,58,800
Bid increment	₹50,000
Auto-extension	5 minutes per late bid

About the Location – Lucknow

This listing falls in Lucknow, Uttar Pradesh, postal code 226003. Uttar Pradesh is seeing fast real-estate growth around Noida, Greater Noida, Lucknow, Kanpur and Prayagraj, helped by new expressways and the Jewar airport project. The handling branch is Lucknow Specialised Arm Branch, which is usually the best contact for site visits and local queries.

Is the Lucknow Flat Auction Worth It?

At the reserve price, the property works out to about ₹53,865 per sq ft of carpet area – compare this with recent resale rates in Lucknow before you bid. The EMD of ₹9,58,800 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. The bank holds physical possession, which usually makes handover after the sale smoother.

Important Dates for the Lucknow Flat Auction

• Inspection window: 16 October 2026, 10:00 AM to 16 October 2026, 5:00 PM
• EMD submission opens: 29 September 2026
• Last date for EMD: 22 October 2026, 5:00 PM
• E-auction: 23 October 2026, 10:00 AM to 1:00 PM
• Auto-extension: 5 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 366613 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8779418892.
4. Pay the EMD of ₹9,58,800 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 ₹50,000; each late bid extends the auction by 5 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

• Verify the title documents and the society or builder NOC.
• Check pending maintenance, property tax and utility dues.
• Confirm the possession status and whether the flat is occupied.
• Check the approved plan and occupancy certificate for the building.
• Read our tips for buying bank auction flats before you bid.

Lucknow Flat Auction: FAQs

More Canara Bank and Uttar Pradesh Auctions

• All Canara Bank auction listings
• More flat auctions
• Bank auctions in Uttar Pradesh
• Guide: home loan for auction property

Source: Auction ID 366613 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.