Satna Plot Auction: Plot (13,068 sq ft) – Reserve ₹35.3 Lakh (7 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-365585
Property Description
Indian Bank has put a residential plot up for sale through the Satna plot auction, open to all registered bidders on BAANKNET. On offer is a plot in Satna (PIN 485001), with 13,068 sq ft carpet area. The online auction runs on 7 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹35,30,000.
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
Satna Plot Auction: Key Highlights
- Reserve price: ₹35,30,000 (₹35.3 Lakh)
- EMD: ₹3,53,000
- Bid increment: ₹40,000
- Auction: 7 October 2026, 11:00 AM to 5:00 PM
- Last date for EMD: 7 October 2026, 4:29 PM
- Location: Satna, Madhya Pradesh
- Possession: Other
Satna Plot Auction – Complete Details
| Auction ID | 365585 |
| Bank property ID | IDIB50205833926 |
| Bank | Indian Bank |
| Branch | Satna |
| Property type | Residential – Plot |
| Carpet area | 13,068 sq ft |
| City / District | Satna |
| State | Madhya Pradesh |
| PIN code | 485001 |
| Type of possession | Other |
| Type of action | Under DRT |
| Reserve price | ₹35,30,000 |
| EMD | ₹3,53,000 |
| Bid increment | ₹40,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Satna
Satna is in Satna district of Madhya Pradesh, under PIN code 485001. Madhya Pradesh offers affordable real estate in Indore, Bhopal, Jabalpur and Gwalior, with Indore in particular known for clean, well-planned growth. The handling branch is Satna, which is usually the best contact for site visits and local queries.
Is the Satna Plot Auction Worth It?
At the reserve price, the property works out to about ₹270 per sq ft of carpet area – compare this with recent resale rates in Satna before you bid. The EMD of ₹3,53,000 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 Satna Plot Auction
- Inspection window: 28 September 2026, 10:00 AM to 6 October 2026, 4:00 PM
- EMD submission opens: 25 September 2026
- Last date for EMD: 7 October 2026, 4:29 PM
- E-auction: 7 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
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 365585 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9303281097.
- Pay the EMD of ₹3,53,000 through the BAANKNET wallet before 7 October 2026, 4:29 PM.
- Log in on 7 October 2026 and bid above the reserve in steps of ₹40,000; 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 chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Satna Plot Auction: FAQs
What is the reserve price in the Satna plot auction?
The reserve price is ₹35,30,000. Bids below the reserve price are not accepted.
When is the Satna plot auction scheduled?
The e-auction is on 7 October 2026 from 11:00 AM to 5:00 PM. The last date for EMD is 7 October 2026, 4:29 PM.
How much EMD is required?
The earnest money deposit is ₹3,53,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Satna, Madhya Pradesh – 485001.
Where can I see the official sale notice?
Search Auction ID 365585 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Madhya Pradesh Auctions
- All Indian Bank auction listings
- More residential plot auctions
- Bank auctions in Madhya Pradesh
- Guide: reserve price bidding strategy
Source: Auction ID 365585 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian 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 Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Residential Plots |
|---|---|
| Land Area | 13068 sq ft |
| Location | Satna, Satna, Madhya Pradesh |
| Possession | Other |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 25 Sep 2026Auction Notice Published
- 28 Sep 2026Inspection Starts
- 6 Oct 2026Inspection Ends
- 7 Oct 2026Last Date for EMD Submission
- 7 Oct 2026, 11:00 AM to 5:00 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.