Prayagraj Flat Auction: Flat (431 sq ft) – Reserve ₹19.78 Lakh (4 Nov 2026)

Here is a fresh bank e-auction worth tracking: the Prayagraj flat auction, offered by Indian Bank at a reserve of ₹19.78 Lakh. On offer is a flat in Prayagraj (PIN 211012), with 431 sq ft carpet area. The online auction runs on 4 November 2026 (10:00 AM to 4:00 PM) with a reserve price of ₹19,78,000.

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.

Prayagraj Flat Auction: Key Highlights

• Reserve price: ₹19,78,000 (₹19.78 Lakh)
• EMD: ₹1,97,800
• Bid increment: ₹10,000
• Auction: 4 November 2026, 10:00 AM to 4:00 PM
• Last date for EMD: 4 November 2026, 4:00 PM
• Location: Prayagraj, Uttar Pradesh
• Possession: Symbolic

Prayagraj Flat Auction – Complete Details

Auction ID	365623
Bank property ID	IDIB30542892772
Bank	Indian Bank
Branch	Prayagraj Hindi Sahitya Sammelan
Property type	Residential – Flat
Carpet area	431 sq ft
City / District	Prayagraj
State	Uttar Pradesh
PIN code	211012
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹19,78,000
EMD	₹1,97,800
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Prayagraj

This listing falls in Prayagraj, Uttar Pradesh, postal code 211012. Uttar Pradesh is seeing fast real-estate growth around Noida, Greater Noida, Lucknow, Kanpur and Prayagraj, helped by new expressways and the Jewar airport project. The handling branch is Prayagraj Hindi Sahitya Sammelan, which is usually the best contact for site visits and local queries.

Is the Prayagraj Flat Auction Worth It?

At the reserve price, the property works out to about ₹4,589 per sq ft of carpet area – compare this with recent resale rates in Prayagraj before you bid. The EMD of ₹1,97,800 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 Prayagraj Flat Auction

• Inspection window: 26 September 2026, 10:00 AM to 3 November 2026, 4:00 PM
• EMD submission opens: 25 September 2026
• Last date for EMD: 4 November 2026, 4:00 PM
• E-auction: 4 November 2026, 10:00 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 365623 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9654291062.
4. Pay the EMD of ₹1,97,800 through the BAANKNET wallet before 4 November 2026, 4:00 PM.
5. Log in on 4 November 2026 and bid above the reserve in steps of ₹10,000; 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.

Prayagraj Flat Auction: FAQs

More Indian Bank and Uttar Pradesh Auctions

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

Source: Auction ID 365623 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.