New Delhi House Auction 110051: Individual House (200 sq ft) – Reserve ₹6.53 Cr (16 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-360271
Property Description
Looking for a house below market price in New Delhi? The New Delhi house auction 110051 by Indian Overseas Bank is scheduled for 16 Oct 2026. On offer is a individual house in New Delhi (PIN 110051), with 200 sq ft carpet area. The online auction runs on 16 October 2026 (12:00 PM to 1:00 PM) with a reserve price of ₹6,53,00,000.
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.
Table of Contents
Table of Contents
New Delhi House Auction 110051: Key Highlights
- Reserve price: ₹6,53,00,000 (₹6.53 Cr)
- EMD: ₹65,30,000
- Bid increment: ₹5,00,000
- Auction: 16 October 2026, 12:00 PM to 1:00 PM
- Last date for EMD: 14 October 2026, 5:00 PM
- Location: New Delhi, Delhi
- Possession: Physical
New Delhi House Auction 110051 – Complete Details
| Auction ID | 360271 |
| Bank property ID | IOBA1997SWAMI209 |
| Bank | Indian Overseas Bank |
| Branch | Asset Recovery Management Br., Delhi |
| Property type | Residential – Individual House |
| Carpet area | 200 sq ft |
| Furnishing | Semi-Furnished |
| City / District | New Delhi |
| State | Delhi |
| PIN code | 110051 |
| Type of possession | Physical |
| Type of action | Under DRT |
| Reserve price | ₹6,53,00,000 |
| EMD | ₹65,30,000 |
| Bid increment | ₹5,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – New Delhi
This listing falls in New Delhi, Delhi, postal code 110051. Delhi remains one of India’s most valuable property markets, with metro connectivity making even outer neighbourhoods attractive to end-users. The handling branch is Asset Recovery Management Br., Delhi, which is usually the best contact for site visits and local queries.
Is the New Delhi House Auction 110051 Worth It?
At the reserve price, the property works out to about ₹3,26,500 per sq ft of carpet area – compare this with recent resale rates in New Delhi before you bid. The EMD of ₹65,30,000 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the New Delhi House Auction 110051
- Inspection window: 28 September 2026, 1:00 PM to 28 September 2026, 4:00 PM
- EMD submission opens: 14 September 2026
- Last date for EMD: 14 October 2026, 5:00 PM
- E-auction: 16 October 2026, 12:00 PM to 1:00 PM
- Auto-extension: 5 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 360271 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8925951997.
- Pay the EMD of ₹65,30,000 through the BAANKNET wallet before 14 October 2026, 5:00 PM.
- Log in on 16 October 2026 and bid above the reserve in steps of ₹5,00,000; 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
- 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.
New Delhi House Auction 110051: FAQs
What is the reserve price in the New Delhi house auction 110051?
The reserve price is ₹6,53,00,000. Bids below the reserve price are not accepted.
When is the New Delhi house auction 110051 scheduled?
The e-auction is on 16 October 2026 from 12:00 PM to 1:00 PM. The last date for EMD is 14 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹65,30,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in New Delhi, Delhi – 110051.
Where can I see the official sale notice?
Search Auction ID 360271 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More IOB and Delhi Auctions
- All Indian Overseas Bank auction listings
- More house auctions
- Bank auctions in Delhi
- Guide: symbolic vs physical possession explained
Source: Auction ID 360271 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.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Indian Overseas Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 200 sq ft |
| Location | New Delhi, New Delhi, Delhi |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 14 Sep 2026Auction Notice Published
- 28 Sep 2026Inspection Starts
- 28 Sep 2026Inspection Ends
- 14 Oct 2026Last Date for EMD Submission
- 16 Oct 2026, 12:00 PM to 1:00 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.