Three-floor house, ground, first and second floor with roof rights, about 815 sq ft in all

Recovery Officer-I, Debts Recovery Tribunal-II, Delhi, for Central Bank of India is selling under the Recovery of Debts and Bankruptcy Act 1993; Second and Third Schedules to the Income Tax Act 1961 and the Income Tax (Certificate Proceedings) Rules 1962. Notice dated 2026-09-25; e-auction on 2026-11-16 on BAANKNET (PSB Alliance).

Indian citizens and NRIs may buy and bid. A foreign national not of Indian origin cannot buy immovable property in India without Reserve Bank permission; OCI card holders should confirm the bank's own terms. The bidder registers on the e-auction platform with KYC and the deposit in the wallet.

Check for me: passport and residence

The reserve is ₹1.13 crore. India has no public register of completed sales at scale, so no independent valuation range is established for this property yet and no discount is claimed. Asking prices for similar units nearby are the next step, labelled as asking prices.

Possession: not stated in the notice. Encumbrances: Sold as is where is; delivery of possession under the Income Tax (Certificate Proceedings) Rules 1962. Litigation: Proclamation of sale listed for 30-10-2026 before the Recovery Officer. Dues to the society, the municipality and utilities pass to the buyer.

Deposit ₹11.30 lakh before the auction; Sale confirmed on the expiry of 30 days from the auction, on compliance with the terms; default of the bid amount or poundage fee cancels the sale and forfeits the deposit; stamp duty and registration by the purchaser. Starting assumption for buying costs: stamp duty and registration of about 7%, so a purchase at the reserve costs about ₹1.21 crore before any arrears.

No rental evidence has been filed for this property; no return is estimated and no growth is assumed.

A resident Indian or NRI buyer with the full price available within 15 days of confirmation, able to carry unknown society dues and a title search of their own. Only a buyer who can wait out a possession process.

Title search and encumbrance certificate for 30 years at the sub-registrar; society dues and property tax arrears; whether a challenge under section 17 of the SARFAESI Act or a stay is pending before the Debts Recovery Tribunal; the state of possession on the ground at the inspection; the bank's own terms on the e-auction platform.

A pending challenge or stay; occupied possession with no timetable; arrears above any price advantage; a reserve at or above asking prices once comparables are filed.

Obtain professional due diligence before any bid: the title search, the society statement and the Debts Recovery Tribunal check. The price cannot be judged until asking-price comparables are filed.