IDBI Bank Mega E-Auction February 2026: 100+ Properties Across India – Check Details

New Delhi, February 23, 2026: IDBI Bank has announced a Mega E-Auction scheduled for February 27, 2026, offering over 100 residential and commercial properties across India. The auction includes flats, houses, plots, shops, and commercial buildings located in prime areas of Bihar, Chandigarh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

This is an excellent opportunity for investors and homebuyers to acquire properties at attractive reserve prices through a transparent e-auction process.

Auction Summary

State-wise Property Highlights

Bihar

• Property: Residential Flat at Elite Tower, Jamshedpur

• Flat No. F-3, 3rd Floor, 816 Sq.Ft with Car Parking

• Reserve Price: ₹27.00 Lacs

• EMD: ₹2.7 Lacs

• Location: Sonari, Jamshedpur, East Singhbhum

Chandigarh (Punjab)

Also Read: IDBI Bank Board approves transfer of Demat Business to IDBI Capital Market and Services Ltd

Delhi

• Property: Residential Service Suit, 2nd Floor, Sector-5, Vasundhra, Ghaziabad

• Reserve Price: ₹33.00 Lacs

• EMD: ₹3.5 Lacs

• Possession: Physical Possession taken on 11.03.2024

Gujarat

Gujarat leads with maximum number of properties across multiple cities:

Karnataka

Bengaluru leads with multiple high-value properties:

Kerala

Maharashtra

Major properties in Mumbai, Pune, Nashik, Nagpur and other cities:

Odisha

Tamil Nadu

Telangana

Uttar Pradesh

West Bengal

Key Features of the Auction

• Transparent E-Auction Process through authorized service providers

• Properties available for inspection before bidding (dates mentioned property-wise)

• Physical Possession in most cases (as indicated in the schedule)

• GPS Coordinates and Google Maps Links provided for easy location access

• Reserve Price starting as low as ₹3.30 Lacs (Gujarat) to ₹480 Lacs (Commercial property, Ludhiana)

• EMD typically 10% of Reserve Price

How to Participate in E-Auction

Step 1: Property Inspection

Visit the property on the scheduled inspection dates mentioned (generally February 16-26, 2026). Use GPS coordinates and links for easy navigation.

Step 2: Bid Submission

Submit your bid by February 26, 2026 through the respective auction service provider portals:

• Baanknet: support.baanknet@psballiance.com / 91 82912 20220

• Antares Systems Limited: 8951944383, 9686196751, sushmitha.b@antaressystems.com

Step 3: Pay Earnest Money Deposit (EMD)

Pay EMD amount as specified for each property (typically 10% of reserve price) before the deadline.

Step 4: Participate in Live E-Auction

Live e-auction will be conducted on February 27, 2026.

Important Documents Required

• PAN Card

• Proof of Identity (Aadhaar/Voter ID/Passport)

• Proof of Address

• GST Registration (for commercial properties)

• EMD payment receipt

Terms and Conditions

1. Properties are sold on "As Is Where Is, Whatever There Is, and Without Any Recourse Basis"

2. The Bank reserves the right to accept or reject any bid without assigning any reason

3. Successful bidders must pay the balance amount within the stipulated period

4. All statutory dues, taxes, and transfer charges to be borne by the purchaser

5. For detailed terms, refer to the respective auction notice on IDBI Bank website

Contact Details

For Bihar, Delhi, Gujarat, Kerala, Tamil Nadu, Uttar Pradesh:

• Baanknet: 91 82912 20220, support.baanknet@psballiance.com

For Karnataka, Maharashtra, Telangana, West Bengal:

• Antares Systems Limited: 8951944383, 9686196751, sushmitha.b@antaressystems.com

IDBI Bank Official Contacts:

• Refer to property-wise contact details in the schedule above

Why Participate?

• Bank-led auction ensures clear title and transparent process

• Physical possession in most properties reduces litigation risk

• GPS coordinates provided for easy site visits

• Wide price range from budget to premium properties

• Multiple locations across India to choose from