Ranchi Shop Auction: 1 BHK Shops (264 sq ft) – Reserve ₹32.52 Lakh (8 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-342867
Property Description
Looking for a shop below market price in Ranchi? The Ranchi shop auction by Bank of India is scheduled for 8 Oct 2026. On offer is a shops in Ranchi (PIN 834001), with 264 sq ft carpet area. The online auction runs on 8 October 2026 (11:00 AM to 12:00 PM) with a reserve price of ₹32,51,600.
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
Ranchi Shop Auction: Key Highlights
- Reserve price: ₹32,51,600 (₹32.52 Lakh)
- EMD: ₹3,25,160
- Bid increment: ₹1,00,000
- Auction: 8 October 2026, 11:00 AM to 12:00 PM
- Last date for EMD: 4 October 2026, 4:00 PM
- Location: Ranchi, Jharkhand
- Possession: Other
Ranchi Shop Auction – Complete Details
| Auction ID | 342867 |
| Bank property ID | BKIDKUBER |
| Bank | Bank of India |
| Branch | Arb Ranchi |
| Property type | Commercial – Shops |
| Rooms | 1 BHK |
| Carpet area | 264 sq ft |
| Furnishing | Semi-Furnished |
| Locality | Hindpiri |
| City / District | Ranchi |
| State | Jharkhand |
| PIN code | 834001 |
| Type of possession | Other |
| Type of action | Under DRT |
| Reserve price | ₹32,51,600 |
| EMD | ₹3,25,160 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Ranchi
Ranchi is in Ranchi district of Jharkhand, under PIN code 834001. Jharkhand’s real estate is concentrated in Ranchi, Jamshedpur, Dhanbad and Bokaro, cities built around mining and steel. The handling branch is Arb Ranchi, which is usually the best contact for site visits and local queries.
Is the Ranchi Shop Auction Worth It?
At the reserve price, the property works out to about ₹12,317 per sq ft of carpet area – compare this with recent resale rates in Ranchi before you bid. The EMD of ₹3,25,160 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid.
Important Dates for the Ranchi Shop Auction
- Inspection window: 10 August 2026, 10:00 AM to 5 October 2026, 5:00 AM
- EMD submission opens: 7 August 2026
- Last date for EMD: 4 October 2026, 4:00 PM
- E-auction: 8 October 2026, 11:00 AM to 12:00 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 342867 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8370032832.
- Pay the EMD of ₹3,25,160 through the BAANKNET wallet before 4 October 2026, 4:00 PM.
- Log in on 8 October 2026 and bid above the reserve in steps of ₹1,00,000; 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 commercial property auction guide before you bid.
Ranchi Shop Auction: FAQs
What is the reserve price in the Ranchi shop auction?
The reserve price is ₹32,51,600. Bids below the reserve price are not accepted.
When is the Ranchi shop auction scheduled?
The e-auction is on 8 October 2026 from 11:00 AM to 12:00 PM. The last date for EMD is 4 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹3,25,160. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Ranchi, Jharkhand – 834001.
Where can I see the official sale notice?
Search Auction ID 342867 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More BOI and Jharkhand Auctions
- All Bank of India auction listings
- More shop auctions
- Bank auctions in Jharkhand
- Guide: buying bank auction shops and showrooms
Source: Auction ID 342867 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of India 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 Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Shops & Showrooms |
|---|---|
| Land Area | 264 sq ft |
| Location | Ranchi, Ranchi, Jharkhand |
| Possession | Other |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 7 Aug 2026Auction Notice Published
- 10 Aug 2026Inspection Starts
- 5 Oct 2026Inspection Ends
- 4 Oct 2026Last Date for EMD Submission
- 8 Oct 2026, 11:00 AM to 12:00 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.