Bids rise in steps of ₹50,000, and a late bid extends the auction by 5 minutes, with no limit
Inspection
18 Nov 2026, 10:00 AM–5:00 PM IST
Earnest money (EMD)
₹14,02,500, 10% of the reserve
Official source
LIC Housing Finance listing 244617 on bankeauctions.com
Last verified
31 Oct 2026
Compiled from LIC Housing Finance Limited’s listing 244617 and its linked sale documents on bankeauctions.com, checked on 31 Oct 2026. BiddingPulse is independent research, not affiliated with the lender or bankeauctions.com; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
On the numbers
What the “₹1,40,25,000 reserve” means
What LIC Housing Finance’s sale documents say
The reserve is ₹1,40,25,000, with an EMD of ₹14,02,500. The published submission deadline is 19 Nov 2026, 5:00 PM IST. The highest bid is subject to acceptance under the sale notice.
What BiddingPulse covers
The property, dates, possession, participation requirements, payments and material risks in the linked sale documents, read on 31 Oct 2026. Any conflict or missing detail is identified below. This is not a title or occupancy verification. Names of borrowers and other people are left out.
Auction summary
Source: LIC Housing Finance listing and sale documents on bankeauctions.com
LIC Housing Finance Limited is selling land in Navipur Gaus, Patna district, Bihar. Its sale notice doesn’t say whether the lender’s possession is physical or symbolic. The property is security for a loan, and the lender is selling it under the SARFAESI Act, 2002, which lets a lender sell a defaulted loan’s security without going to court.
The reserve is ₹1,40,25,000 and the notice EMD is ₹14,02,500. Submission closes 19 Nov 2026, 5:00 PM IST. The online auction is scheduled for 20 Nov 2026, 1:00 PM–5:00 PM IST. Bids rise in steps of ₹50,000, and a late bid extends the auction by 5 minutes, with no limit. Inspection is set for 18 Nov 2026, 10:00 AM–5:00 PM IST.
Use the official listing below to read the sale notice, register, pay the EMD and bid. Check every figure here against it first.
Auction & payment timeline
Source: LIC Housing Finance listing and sale documents on bankeauctions.com; SARFAESI sale rules
Stage
Date
What it means
Source
Platform press date
30 Oct 2026
The listing’s press-release date for the lender’s sale notice
Listing 244617
Listing seen
30 Oct 2026
First seen on bankeauctions.com
Listing 244617
Inspection
18 Nov 2026, 10:00 AM–5:00 PM IST
The window the listing gives to see the property; arrange it with the lender
Listing 244617
Registration and EMD close
19 Nov 2026, 5:00 PM IST
Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction
Listing 244617
Online auction
20 Nov 2026, 1:00 PM–5:00 PM IST
On bankeauctions.com. Bids rise in steps of ₹50,000, and a late bid extends the auction by 5 minutes, with no limit
Listing 244617
Payment after acceptance
Notice-specific deadlines
The consolidated LIC Housing notice requires 25% of the successful price, with the EMD counted, immediately on acceptance. The remaining 75% is due within 15 days of confirmation of sale. Stamp duty, registration and applicable property dues are additional.
Sale documents
Sale, possession and payment terms
Read the requirements and risks from this lot’s sale documents, checked on 31 Oct 2026. Follow the lender’s originals and any later amendment before paying.
LIC Housing consolidated sale notice, English page 2, property row 5 and terms
What exactly is being sold?
1 katha of land in village Navipur Gaus, Phulwarisharif police station, Phulwarisharif pargana, Patna district, Bihar. It has a road on the west. It is recorded under khata No. 718 and khasra 460. The property column gives one katha at Navipur Gaus. No square-foot conversion is supplied; local katha measurements must be verified from the title record. Neighbours’ names left out for privacy.
BiddingPulse explainer
What do the listing’s terms mean?
A katha’s size differs from state to state, so ask the bank for the area in square feet or metres. A khasra number is a field’s number in the village map. A khata is the account the property is entered under, with the local body or the revenue office.
LIC Housing consolidated sale notice, English page 2, property row 5 and terms
Who can bid?
LIC Housing requires registration on bankeauctions.com, the bid form, KYC and the EMD before the platform’s 19 November 2026, 5:00 PM IST submission cutoff. The notice specifies no special category of eligible bidder. Confirm that LIC Housing has accepted the documents and payment before the auction.
Sale notice; Listing 244617
Does the lender hold the property, and can I see it?
The lender’s sale notice doesn’t say whether its possession is physical or symbolic. The listing sets inspection for 18 Nov 2026, 10:00 AM–5:00 PM IST. Symbolic possession can leave an occupant in place. Ask LIC Housing Finance’s authorised officer before you pay the EMD.
LIC Housing consolidated sale notice, English page 2, property row 5 and terms
What dues and encumbrances are disclosed?
No quantified clearance of property dues is established. The notice places statutory liabilities, property taxes and society or other property charges on the purchaser. Check title and outstanding amounts with LIC Housing and the relevant offices.
LIC Housing consolidated sale notice, English page 2, property row 5 and terms
What do I pay after the auction?
The consolidated LIC Housing notice requires 25% of the successful price, with the EMD counted, immediately on acceptance. The remaining 75% is due within 15 days of confirmation of sale. Stamp duty, registration and applicable property dues are additional.
LIC Housing consolidated sale notice, English page 2, property row 5 and terms
Can I withdraw, and what if I miss a payment?
The property is offered as is, without recourse. Failure to pay as required can forfeit all deposited money and cause resale. The highest bid remains subject to the lender’s acceptance.
Verify on the official source
Public LIC Housing Finance listing
Check the reserve, EMD, dates and terms on the lender’s listing before you act. Bid on bankeauctions.com, and register and pay the EMD as the sale notice says: online for some lenders, by demand draft at a branch for others.
The reserve is ₹1,40,25,000 and the EMD is ₹14,02,500. The published submission deadline is 19 Nov 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.
Who can bid for this land?
LIC Housing requires registration on bankeauctions.com, the bid form, KYC and the EMD before the platform’s 19 November 2026, 5:00 PM IST submission cutoff. The notice specifies no special category of eligible bidder. Confirm that LIC Housing has accepted the documents and payment before the auction.
Does the bank have possession, and can I inspect it?
The lender’s sale notice doesn’t say whether its possession is physical or symbolic. The listing sets inspection for 18 Nov 2026, 10:00 AM–5:00 PM IST. Ask LIC Housing Finance’s authorised officer before you pay the EMD.
What do I pay if my bid is accepted?
The consolidated LIC Housing notice requires 25% of the successful price, with the EMD counted, immediately on acceptance. The remaining 75% is due within 15 days of confirmation of sale. Stamp duty, registration and applicable property dues are additional.
Where do I register and bid?
The auction uses bankeauctions.com. LIC Housing requires registration on bankeauctions.com, the bid form, KYC and the EMD before the platform’s 19 November 2026, 5:00 PM IST submission cutoff. The notice specifies no special category of eligible bidder. Confirm that LIC Housing has accepted the documents and payment before the auction. BiddingPulse is independent research and accepts no registrations, deposits or bids.
What dues and payment risks does the notice disclose?
No quantified clearance of property dues is established. The notice places statutory liabilities, property taxes and society or other property charges on the purchaser. Check title and outstanding amounts with LIC Housing and the relevant offices. The property is offered as is, without recourse. Failure to pay as required can forfeit all deposited money and cause resale. The highest bid remains subject to the lender’s acceptance.
What property details still need confirmation?
The property column gives one katha at Navipur Gaus. No square-foot conversion is supplied; local katha measurements must be verified from the title record.