3,121 sq feet House for Auction in Dr Ambedkar Nagar, Indore – BOM

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

3,121 sq feet (≈ 3,121 sq ft)

Reserve price / sq ft

₹1,602

Locality

Dr Ambedkar Nagar

City

Indore

State

Madhya Pradesh

Pincode

453441

Address

Dr Ambedkar Nagar, Madhya Pradesh, 453441 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of Maharashtra

Branch

KODRIA

Auction type

SARFAESI Auction

Borrower

M/s K**** F*** P*****

Auction start

18 Nov 2026, 01:00 PM

Auction end

18 Nov 2026, 05:00 PM

EMD submission deadline

18 Nov 2026, 04:00 PM

Inspection

11 Nov 2026, 12:00 PM – 13 Nov 2026, 04:00 PM

Authorised officer

Umesh Kumar

Officer contact

9417570827

E-auction portal

BAANKNET (Property ID MAHB40116716298)

Price Check

This listing's reserve price works out to ₹1,602 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 65% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 11 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID MAHB40116716298)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 18 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 18 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.