House in Kudavali: ISARC auction

The reserve is ₹29,62,000 and the earnest-money deposit (EMD) is ₹2,96,200. The notice and tender agree on submission by 5 November at 5 PM IST and auction on 6 November, 11 AM–1 PM IST. The tender’s advertisement field instead says 17 November, after that auction. Publication timing is therefore not established; the publication date shown on bankeauctions.com does not resolve the conflict.

Register on bankeauctions.com and submit the online tender, PAN card, photo identity, address proof, and proof of the EMD bank transfer (NEFT/RTGS). Cash, cheques and demand drafts are not accepted.

The original notarised indemnity—a signed undertaking accepting the stated liabilities—on ₹500 stamp paper must reach ISARC’s registered office before the auction. The form requires a valid email address and an additional bid increment even if you are the only bidder. Bids in a nominee’s name are prohibited and may lead to loss of the EMD. Confirm that ISARC has accepted your documents and payment before bidding.

The lender’s sale notice says it has taken physical possession. The lender’s sale notice set inspection for 30 Oct 2026, 11:00 AM–5:00 PM IST. Ask ISARC’s authorised officer before you pay the EMD.

Pay 25% of the bid including EMD immediately, on the sale day or by the next working day. The terms require the remaining 75% within 15 days without a further notice; they do not separately define a confirmation-letter trigger, so obtain the precise due date from ISARC. Default can forfeit all money paid and lead to resale.

One clause promises unsuccessful EMD within seven working days without interest, while the declaration retains it until successful conclusion of the sale: confirm the refund timing.

The purchaser bears conveyance, stamp duty, registration, transfer premiums, taxes, utility dues and other statutory or non-statutory liabilities, including unknown encumbrances. ISARC does not undertake to obtain permissions or licences. The indemnity requires independent title and encumbrance checks, including a stated review period exceeding fifty years, and places future claims and associated costs on the buyer.

The notice records physical possession and offers the asset as-is without recourse, subject to ISARC’s acceptance. The indemnity asks the bidder to accept existing encumbrances and waive refund, revocation and litigation claims if later issues arise. Read that undertaking before bidding; physical possession is not a clear-title assurance. Breach of the tender conditions may forfeit the EMD.