57.5 sq meter Flat for Auction in Indore, Indore – SBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

57.5 sq meter (≈ 618 sq ft)

Reserve price / sq ft

₹2,658

Locality

Indore

City

Indore

State

Madhya Pradesh

Pincode

452001

Address

INDORE, Madhya Pradesh, 452001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB INDORE-10007

Auction type

SARFAESI Auction

Borrower

RAM P***** S** SHRI S***** P*****

Auction start

25 Nov 2026, 11:00 AM

Auction end

25 Nov 2026, 04:00 PM

EMD submission deadline

25 Nov 2026, 03:50 PM

Inspection

19 Nov 2026, 11:00 AM – 20 Nov 2026, 05:00 PM

Authorised officer

Prerna Bapat

Officer contact

9303395574

E-auction portal

BAANKNET (Property ID SBIN200057970530)

Price Check

This listing's reserve price works out to ₹2,658 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 42% 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 19 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN200057970530)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 25 Nov 2026, 03:50 PM. It is refunded if you don't win.
5. Bid online on 25 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.