Satara House Auction: Individual House (106.38 sq ft) – Reserve ₹8.68 Lakh (15 Oct 2026)

Bank of Maharashtra has put a house up for sale through the Satara house auction, open to all registered bidders on BAANKNET. On offer is a individual house in Satara (PIN 415004), with 106.38 sq ft carpet area. The online auction runs on 15 October 2026 (1:00 PM to 5:00 PM) with a reserve price of ₹8,68,000.

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.

Satara House Auction: Key Highlights

• Reserve price: ₹8,68,000 (₹8.68 Lakh)
• EMD: ₹86,800
• Bid increment: ₹25,000
• Auction: 15 October 2026, 1:00 PM to 5:00 PM
• Last date for EMD: 15 October 2026, 5:00 PM
• Location: Satara, Maharashtra
• Possession: Symbolic

Satara House Auction – Complete Details

Auction ID	363691
Bank property ID	MAHBPARALINIKAM
Bank	Bank of Maharashtra
Branch	Parali
Property type	Residential – Individual House
Carpet area	106.38 sq ft
City / District	Satara
State	Maharashtra
PIN code	415004
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹8,68,000
EMD	₹86,800
Bid increment	₹25,000
Auto-extension	5 minutes per late bid

About the Location – Satara

This listing falls in Satara, Maharashtra, postal code 415004. 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 Parali, which is usually the best contact for site visits and local queries.

Is the Satara House Auction Worth It?

At the reserve price, the property works out to about ₹8,159 per sq ft of carpet area – compare this with recent resale rates in Satara before you bid. The EMD of ₹86,800 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 Satara House Auction

• Inspection window: 22 September 2026, 1:00 PM to 14 October 2026, 5:00 PM
• EMD submission opens: 21 September 2026
• Last date for EMD: 15 October 2026, 5:00 PM
• E-auction: 15 October 2026, 1:00 PM to 5:00 PM
• Auto-extension: 5 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 363691 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8292940000.
4. Pay the EMD of ₹86,800 through the BAANKNET wallet before 15 October 2026, 5:00 PM.
5. Log in on 15 October 2026 and bid above the reserve in steps of ₹25,000; 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 buying bank auction houses and villas before you bid.

Satara House Auction: FAQs

More BoM and Maharashtra Auctions

• All Bank of Maharashtra auction listings
• More house auctions
• Bank auctions in Maharashtra
• Guide: symbolic vs physical possession explained

Source: Auction ID 363691 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of Maharashtra before bidding.