House in Chennai: Hinduja Housing Finance auction

The reserve is ₹49,39,000 and the earnest-money deposit (EMD) is ₹4,93,900. The schedule sets the earlier entry cutoff shown above, but clause 9 asks for the sealed bid form by 3:00 PM IST on auction day, after its 11:00 AM–1:00 PM IST auction window.

Resolve this contradiction before paying; do not rely on the later form-delivery time.

Register on bankeauctions.com and obtain activation after the lender verifies the EMD and complete signed bid form. Supply PAN, identity/address evidence and the documents required for your applicant type; carry originals for verification.

The Chennai notice allows the EMD by demand draft in favour of Hinduja Housing Finance Limited payable at Chennai or by RTGS/NEFT, but the e-auction tender document says the EMD is payable only by NEFT/RTGS and that cheques or drafts will not be accepted.

Confirm the accepted route with the authorised officer in writing before paying. 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. This notice permits DD or NEFT/RTGS and names the Kanchipuram office at No. 69, second floor, Vallal Pachaiyappan Street, Kanchipuram 631501 for the bid documents.

The lender’s sale notice says it has taken symbolic possession: on paper, without moving anyone out. The listing sets inspection for 9 Nov 2026, 11:00 AM IST to 30 Nov 2026, 2:00 PM IST. Symbolic possession can leave an occupant in place. Ask Hinduja Housing Finance’s authorised officer before you pay the EMD.

Pay 25%, including EMD, on auction day. The notice requires the remaining 75% within 15 days of sale, while clause 17 instead says 15 working days after acceptance.

Obtain written clarification and plan for the earlier sale-based date. An extension is discretionary.

Default can forfeit all sums paid. Unsuccessful EMD is refundable without interest, but no fixed refund day is stated.

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. Arrange applicable tax deduction at source and transfer of utilities as required by the lender.

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.

Bids must exceed the reserve price and increase by ₹10,000. Each late bid can extend the auction by ten minutes, with unlimited extensions; the printed end is scheduled, not a final closing guarantee.