Navsari Plot Auction: Plot (2,344 sq ft) – Reserve ₹3.11 Cr (14 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Navsari plot auction, offered by Indian Overseas Bank at a reserve of ₹3.11 Cr. On offer is a plot in Navsari (PIN 396450), with 2,344 sq ft carpet area. The online auction runs on 14 October 2026 (11:30 AM to 3:30 PM) with a reserve price of ₹3,11,11,200.

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.

Navsari Plot Auction: Key Highlights

• Reserve price: ₹3,11,11,200 (₹3.11 Cr)
• EMD: ₹31,11,120
• Bid increment: ₹10,000
• Auction: 14 October 2026, 11:30 AM to 3:30 PM
• Last date for EMD: 13 October 2026, 5:00 PM
• Location: Navsari, Gujarat
• Possession: Symbolic

Navsari Plot Auction – Complete Details

Auction ID	366218
Bank property ID	IOBA04160001
Bank	Indian Overseas Bank
Branch	Navasari
Property type	Residential – Plot
Carpet area	2,344 sq ft
City / District	Navsari
State	Gujarat
PIN code	396450
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹3,11,11,200
EMD	₹31,11,120
Bid increment	₹10,000
Auto-extension	20 minutes per late bid

About the Location – Navsari

This listing falls in Navsari, Gujarat, postal code 396450. 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 Navasari, which is usually the best contact for site visits and local queries.

Is the Navsari Plot Auction Worth It?

At the reserve price, the property works out to about ₹13,273 per sq ft of carpet area – compare this with recent resale rates in Navsari before you bid. The EMD of ₹31,11,120 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 Navsari Plot Auction

• Inspection window: 28 September 2026, 10:00 AM to 13 October 2026, 3:00 PM
• EMD submission opens: 27 September 2026
• Last date for EMD: 13 October 2026, 5:00 PM
• E-auction: 14 October 2026, 11:30 AM to 3:30 PM
• Auto-extension: 20 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 366218 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9860751229.
4. Pay the EMD of ₹31,11,120 through the BAANKNET wallet before 13 October 2026, 5:00 PM.
5. Log in on 14 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 20 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.

Navsari Plot Auction: FAQs

More IOB and Gujarat Auctions

• All Indian Overseas Bank auction listings
• More residential plot auctions
• Bank auctions in Gujarat
• Guide: reserve price bidding strategy

Source: Auction ID 366218 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Overseas Bank before bidding.