Panchkula Flat Auction: Flat (1,175 sq ft) – Reserve ₹53 Lakh (12 Nov 2026)

Indian Bank has put a flat up for sale through the Panchkula flat auction, open to all registered bidders on BAANKNET. On offer is a flat in Panchkula (PIN 134109), with 1,175 sq ft carpet area. The online auction runs on 12 November 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹53,00,000.

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.

Panchkula Flat Auction: Key Highlights

• Reserve price: ₹53,00,000 (₹53 Lakh)
• EMD: ₹5,30,000
• Bid increment: ₹20,000
• Auction: 12 November 2026, 11:00 AM to 4:00 PM
• Last date for EMD: 11 November 2026, 5:00 PM
• Location: Panchkula, Haryana
• Possession: Symbolic

Panchkula Flat Auction – Complete Details

Auction ID	367352
Bank property ID	IDIBF9206
Bank	Indian Bank
Branch	Sam Small Chandigarh
Property type	Residential – Flat
Carpet area	1,175 sq ft
City / District	Panchkula
State	Haryana
PIN code	134109
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹53,00,000
EMD	₹5,30,000
Bid increment	₹20,000
Auto-extension	10 minutes per late bid

About the Location – Panchkula

The property is located in Panchkula, Haryana (PIN 134109). Haryana benefits from its proximity to Delhi, with Gurugram, Faridabad, Sonipat and Panipat seeing steady demand for homes and commercial space. The handling branch is Sam Small Chandigarh, which is usually the best contact for site visits and local queries.

Is the Panchkula Flat Auction Worth It?

At the reserve price, the property works out to about ₹4,511 per sq ft of carpet area – compare this with recent resale rates in Panchkula before you bid. The EMD of ₹5,30,000 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 Panchkula Flat Auction

• Inspection window: 1 October 2026, 10:00 AM to 11 November 2026, 4:00 PM
• EMD submission opens: 30 September 2026
• Last date for EMD: 11 November 2026, 5:00 PM
• E-auction: 12 November 2026, 11:00 AM to 4:00 PM
• Auto-extension: 10 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 367352 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9814853264.
4. Pay the EMD of ₹5,30,000 through the BAANKNET wallet before 11 November 2026, 5:00 PM.
5. Log in on 12 November 2026 and bid above the reserve in steps of ₹20,000; 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

• 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.

Panchkula Flat Auction: FAQs

More Indian Bank and Haryana Auctions

• All Indian Bank auction listings
• More flat auctions
• Bank auctions in Haryana
• Guide: home loan for auction property

Source: Auction ID 367352 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.