Upper ground floor flat in Rail Vihar, Loni: Hero Housing Finance auction

The reserve is ₹18,00,000 and the earnest-money deposit (EMD) is ₹1,80,000. The published submission deadline is 24 Nov 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.

Register on bankeauctions.com and complete verification before the auction. Submit the signed bid form, identity and address proof, PAN and EMD proof to the branch named in the signed notice by the entry deadline.

Joint bidders must authorise their representative and provide identity proof. Annexure 7 requires a declaration about employee affiliation and an existing interest in the property; obtain the applicable eligibility clearance.

The notice accepts DD, NEFT or RTGS; the generic form also mentions IMPS and pay order, so confirm the accepted route with Hero before remitting. The checked materials do not establish complete age, nationality, residency or category eligibility.

Confirm those conditions and local transfer restrictions with the lender before paying; platform registration alone does not establish eligibility.

The lender’s sale notice says it has taken physical possession. The listing sets inspection for 18 Nov 2026, 11:00 AM–2:00 PM IST. Ask Hero Housing Finance’s authorised officer before you pay the EMD.

The main terms require 25% of the bid, including EMD, within 24 hours after the auction and the remaining 75% within 15 days after the auction. Annexure 5 instead measures the first payment as the same or next working day and the balance as 15 days after confirmation.

Obtain written clarification and plan for the earlier auction-based deadlines. A written extension is discretionary, capped at three months; the terms charge 24% annual interest beyond 15 days.

Default can forfeit EMD and all payments. Unsuccessful EMD is normally returned on auction day or at the time fixed by Hero, without interest.

The sale certificate is issued in the bidder’s name and must be registered within 30 days of issue.

The buyer bears statutory and other property dues, taxes, electricity and water charges, maintenance, stamp duty, registration and transfer expenses, including arrears where the notice requires them.

Verify title, encumbrances and the payable amounts independently; the bank’s known-encumbrance statement is not a clearance certificate. The buyer also bears builder/society transfer charges and must obtain any required permissions; no occupancy-certificate assurance is given.

The property is sold as-is, without a warranty of vacant possession, title or permitted use. Inspect the property, access, occupation, title documents and approvals before bidding.

The highest bid remains subject to lender confirmation; the lender can reject, postpone or cancel the sale. A bid cannot be withdrawn after submission.

Borrower repayment before sale-certificate registration can lead to cancellation and repayment without interest.

The signed notice specifies ten-minute extensions with a limited number of extensions, but does not state that number. The e-auction tender document supplied with the notice says the extensions are unlimited.

Confirm the controlling rule before bidding; the displayed portal end is only scheduled. The notice sets bid increments of ₹15,000 up to ₹25 lakh reserve, ₹25,000 above ₹25 lakh through ₹50 lakh, ₹50,000 above ₹50 lakh through ₹1 crore, and ₹1 lakh above ₹1 crore.