Vadodara Flat Auction 390017: Flat (59.26 sq ft) – Reserve ₹11.76 Lakh (8 Oct 2026)

Indian Bank has put a flat up for sale through the Vadodara flat auction 390017, open to all registered bidders on BAANKNET. On offer is a flat in Vadodara (PIN 390017), with 59.26 sq ft carpet area. The online auction runs on 8 October 2026 (10:00 AM to 5:00 PM) with a reserve price of ₹11,76,000.

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.

Vadodara Flat Auction 390017: Key Highlights

• Reserve price: ₹11,76,000 (₹11.76 Lakh)
• EMD: ₹1,17,600
• Bid increment: ₹10,000
• Auction: 8 October 2026, 10:00 AM to 5:00 PM
• Last date for EMD: 8 October 2026, 5:00 PM
• Location: Vadodara, Gujarat
• Possession: Physical

Vadodara Flat Auction 390017 – Complete Details

Auction ID	364060
Bank property ID	IDIB30618868190
Bank	Indian Bank
Branch	Sayajigang,vadodara
Property type	Residential – Flat
Carpet area	59.26 sq ft
City / District	Vadodara
State	Gujarat
PIN code	390017
Type of possession	Physical
Type of action	Under SARFAESI
Reserve price	₹11,76,000
EMD	₹1,17,600
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Vadodara

This listing falls in Vadodara, Gujarat, postal code 390017. Gujarat combines a strong manufacturing base with fast-growing cities such as Ahmedabad, Surat, Vadodara and Rajkot, which keeps demand steady for homes, shops and industrial plots. The handling branch is Sayajigang,vadodara, which is usually the best contact for site visits and local queries.

Is the Vadodara Flat Auction 390017 Worth It?

At the reserve price, the property works out to about ₹19,845 per sq ft of carpet area – compare this with recent resale rates in Vadodara before you bid. The EMD of ₹1,17,600 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. The bank holds physical possession, which usually makes handover after the sale smoother.

Important Dates for the Vadodara Flat Auction 390017

• Inspection window: 23 September 2026, 10:00 AM to 7 October 2026, 4:00 PM
• EMD submission opens: 22 September 2026
• Last date for EMD: 8 October 2026, 5:00 PM
• E-auction: 8 October 2026, 10:00 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 364060 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9805868678.
4. Pay the EMD of ₹1,17,600 through the BAANKNET wallet before 8 October 2026, 5:00 PM.
5. Log in on 8 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.

Vadodara Flat Auction 390017: FAQs

More Indian Bank and Gujarat Auctions

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

Source: Auction ID 364060 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.