Port Blair Commercial Property Auction: Hotel (198 sq ft) – Reserve ₹2.11 Cr (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361742
Property Description
Looking for a commercial property below market price in Port Blair? The Port Blair commercial property auction by Canara Bank is scheduled for 9 Oct 2026. On offer is a hotel in Port Blair, South Andaman (PIN 744101), with 198 sq ft carpet area. The online auction runs on 9 October 2026 (11:30 AM to 1:30 PM) with a reserve price of ₹2,10,95,000.
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
Port Blair Commercial Property Auction: Key Highlights
- Reserve price: ₹2,10,95,000 (₹2.11 Cr)
- EMD: ₹21,09,500
- Bid increment: ₹1,00,000
- Auction: 9 October 2026, 11:30 AM to 1:30 PM
- Last date for EMD: 8 October 2026, 5:00 PM
- Location: Port Blair, South Andaman, Andaman & Nicobar Islands
- Possession: Symbolic
Port Blair Commercial Property Auction – Complete Details
| Auction ID | 361742 |
| Bank property ID | CNRB226573205 |
| Bank | Canara Bank |
| Branch | Kolkata Specialised Arm Branch |
| Property type | Commercial – Hotel |
| Carpet area | 198 sq ft |
| City / District | Port Blair, South Andaman |
| State | Andaman & Nicobar Islands |
| PIN code | 744101 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹2,10,95,000 |
| EMD | ₹21,09,500 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Port Blair
The property is located in Port Blair, South Andaman district, Andaman & Nicobar Islands (PIN 744101). The Andaman and Nicobar Islands have very limited private land, centred on Port Blair (Sri Vijaya Puram), making bank auction assets rare. The handling branch is Kolkata Specialised Arm Branch, which is usually the best contact for site visits and local queries.
Is the Port Blair Commercial Property Auction Worth It?
At the reserve price, the property works out to about ₹1,06,540 per sq ft of carpet area – compare this with recent resale rates in Port Blair before you bid. The EMD of ₹21,09,500 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 Port Blair Commercial Property Auction
- EMD submission opens: 17 September 2026
- Last date for EMD: 8 October 2026, 5:00 PM
- E-auction: 9 October 2026, 11:30 AM to 1:30 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 361742 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 7903428737.
- Pay the EMD of ₹21,09,500 through the BAANKNET wallet before 8 October 2026, 5:00 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹1,00,000; 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
- 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 commercial property auction guide before you bid.
Port Blair Commercial Property Auction: FAQs
What is the reserve price in the Port Blair commercial property auction?
The reserve price is ₹2,10,95,000. Bids below the reserve price are not accepted.
When is the Port Blair commercial property auction scheduled?
The e-auction is on 9 October 2026 from 11:30 AM to 1:30 PM. The last date for EMD is 8 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹21,09,500. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Port Blair, South Andaman, Andaman & Nicobar Islands – 744101.
Where can I see the official sale notice?
Search Auction ID 361742 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Andaman & Nicobar Islands Auctions
- All Canara Bank auction listings
- More commercial property auctions
- Bank auctions in Andaman & Nicobar Islands
- Guide: buying bank auction shops and showrooms
Source: Auction ID 361742 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Commercial Buildings |
|---|---|
| Land Area | 198 sq ft |
| Location | Port Blair, South Andaman, South Andaman, Andaman and Nicobar Islands |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 17 Sep 2026Auction Notice Published
- 8 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:30 AM to 1:30 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.