Madhavnagar House Auction: Individual House – Reserve ₹24.08 Lakh (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366117
Property Description
The Madhavnagar house auction listed by Union Bank of India on the BAANKNET e-auction portal is one of the upcoming house opportunities in Maharashtra. On offer is a individual house in Madhavnagar, Sangli (PIN 416436). The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹24,08,000.
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
Madhavnagar House Auction: Key Highlights
- Reserve price: ₹24,08,000 (₹24.08 Lakh)
- EMD: ₹2,40,800
- Bid increment: ₹24,080
- Auction: 13 October 2026, 12:00 PM to 5:00 PM
- Last date for EMD: 13 October 2026, 4:59 PM
- Location: Madhavnagar, Sangli, Maharashtra
- Possession: Symbolic
Madhavnagar House Auction – Complete Details
| Auction ID | 366117 |
| Bank property ID | UBINPUNKLH1694 |
| Bank | Union Bank of India |
| Branch | Sangli-Shivajinagar |
| Property type | Residential – Individual House |
| City / District | Madhavnagar, Sangli |
| State | Maharashtra |
| PIN code | 416436 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹24,08,000 |
| EMD | ₹2,40,800 |
| Bid increment | ₹24,080 |
| Auto-extension | 10 minutes per late bid |
About the Location – Madhavnagar
The property is located in Madhavnagar, Sangli district, Maharashtra (PIN 416436). Maharashtra is India’s largest real-estate market, led by the Mumbai Metropolitan Region, Pune and Nagpur, and backed by strong industrial corridors such as the Samruddhi Mahamarg and the Mumbai–Pune belt. The handling branch is Sangli-Shivajinagar, which is usually the best contact for site visits and local queries.
Is the Madhavnagar House Auction Worth It?
The EMD of ₹2,40,800 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Madhavnagar House Auction
- Inspection window: 1 October 2026, 11:00 PM to 12 October 2026, 5:00 PM
- EMD submission opens: 27 September 2026
- Last date for EMD: 13 October 2026, 4:59 PM
- E-auction: 13 October 2026, 12:00 PM to 5:00 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 366117 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9834820624.
- Pay the EMD of ₹2,40,800 through the BAANKNET wallet before 13 October 2026, 4:59 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹24,080; 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.
Madhavnagar House Auction: FAQs
What is the reserve price in the Madhavnagar house auction?
The reserve price is ₹24,08,000. Bids below the reserve price are not accepted.
When is the Madhavnagar house auction scheduled?
The e-auction is on 13 October 2026 from 12:00 PM to 5:00 PM. The last date for EMD is 13 October 2026, 4:59 PM.
How much EMD is required?
The earnest money deposit is ₹2,40,800. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Madhavnagar, Sangli, Maharashtra – 416436.
Where can I see the official sale notice?
Search Auction ID 366117 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Union Bank and Maharashtra Auctions
- All Union Bank of India auction listings
- More house auctions
- Bank auctions in Maharashtra
- Guide: symbolic vs physical possession explained
Source: Auction ID 366117 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Union Bank of India 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 Union Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Location | Madhavnagar, Sangli, Sangli, Maharashtra |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 27 Sep 2026Auction Notice Published
- 1 Oct 2026Inspection Starts
- 12 Oct 2026Inspection Ends
- 13 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 12:00 PM to 5:00 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.