Knowledge Centre

The 25-Point Pre-Bid Checklist

This is the checklist we wish every first-time bidder had. Run through it in the week before the auction date.

NPAAUCTION.IN Editorial6 min readUpdated 20 July 2026
ChecklistDue Diligence

Documents to obtain from the bank

  • Auction notice with reserve price and EMD amount.
  • Copy of the borrower's title deed.
  • 13(2) demand notice and 13(4) possession notice.
  • Latest bank valuation report (if shareable).
  • Possession status confirmation (symbolic vs physical) in writing.

Site and locality checks

  • Physical site visit — take photos and note occupancy.
  • Compare reserve to portal listings on 99acres / MagicBricks.
  • Talk to neighbours about the borrower and any disputes.
  • Check road access, water, electricity.
  • Check locality master plan / zoning.

Money and process checks

  • Total budget = reserve + 8–15% costs (see /tools/auction-cost).
  • Home loan in-principle sanction if funding.
  • EMD paid via RTGS with UTR captured.
  • Portal registration + DSC ready.
  • Bidding strategy — max bid decided in advance.

Statutory dues discovery

  • Property tax dues from municipal corp portal.
  • Electricity and water bills.
  • Society maintenance arrears.
  • Development / conversion / betterment charges (plots).
  • Pending capital gains TDS on prior sale (if any).

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