Pune Flat Auction 411006: Flat (575 sq ft) – Reserve ₹97.85 Lakh (6 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Pune flat auction 411006, offered by Indian Bank at a reserve of ₹97.85 Lakh. On offer is a flat in Pune (PIN 411006), with 575 sq ft carpet area. The online auction runs on 6 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹97,85,000.

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.

Pune Flat Auction 411006: Key Highlights

• Reserve price: ₹97,85,000 (₹97.85 Lakh)
• EMD: ₹9,78,500
• Bid increment: ₹10,000
• Auction: 6 October 2026, 11:00 AM to 5:00 PM
• Last date for EMD: 6 October 2026, 5:00 PM
• Location: Pune, Maharashtra
• Possession: Symbolic

Pune Flat Auction 411006 – Complete Details

Auction ID	352884
Bank property ID	IDIB7944565754
Bank	Indian Bank
Branch	Sadashivpeth
Property type	Residential – Flat
Carpet area	575 sq ft
City / District	Pune
State	Maharashtra
PIN code	411006
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹97,85,000
EMD	₹9,78,500
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Pune

The property is located in Pune, Maharashtra (PIN 411006). Maharashtra is India’s largest real-estate market, led by the Mumbai Metropolitan Region, Pune and Nagpur, and backed by strong industrial corridors such as the Samruddhi Mahamarg and the Mumbai–Pune belt. The handling branch is Sadashivpeth, which is usually the best contact for site visits and local queries.

Is the Pune Flat Auction 411006 Worth It?

At the reserve price, the property works out to about ₹17,017 per sq ft of carpet area – compare this with recent resale rates in Pune before you bid. The EMD of ₹9,78,500 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 Pune Flat Auction 411006

• Inspection window: 10 September 2026, 11:00 AM to 25 September 2026, 4:00 PM
• EMD submission opens: 1 September 2026
• Last date for EMD: 6 October 2026, 5:00 PM
• E-auction: 6 October 2026, 11:00 AM to 5:00 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 352884 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 7742121099.
4. Pay the EMD of ₹9,78,500 through the BAANKNET wallet before 6 October 2026, 5:00 PM.
5. Log in on 6 October 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.

Pune Flat Auction 411006: FAQs

More Indian Bank and Maharashtra Auctions

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

Source: Auction ID 352884 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.