1,035 sq ft Commercial Building for Auction in Indore – Kotak

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

1,035 sq ft

Reserve price / sq ft

₹3,043

Locality

—

City

Indore

State

Madhya Pradesh

Pincode

452001

Address

ALL THE PIECE & PARCEL OF RESIDENTIAL PROPERTY FLAT NO. 401 (ADMEASURING; SUPER BUILT UP AREA 1035 SQ. FT., IE. 96.18 SQ. MTR.), ON 4TH FLOOR, IN A MULTISTORIED BUILDING 'RADHA RANI APARTMENT', AT PLOT NO. 34, IN SILICON CITY-R, VILLAGE: NIHALPUR MUNDI, TEHSIL & DISTRICT INDORE, MADHYA PRADESH, 452001. BOUNDED AS EAST: COMMON PASSAGE THEN FLAT NO. 404, WEST: PLOT NO. R - 27 NORTH: PLOT NO. R - 35 SOUTH: FLAT NO. 402 MORTGAGED BY RITU NIKUMBH W/O SONU NIKUMBH. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Kotak Mahindra Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

MR. S*** N*****

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 12:00 PM

EMD submission deadline

26 Nov 2026

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

eAuctions (Linkstar) · Auction ID 10425

Price Check

This listing's reserve price works out to ₹3,043 per sq ft. The average across commercial bank auctions in Indore on our site is ₹8,309 per sq ft, so this one is 63% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (eAuctions (Linkstar) · Auction ID 10425), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026. It is refunded if you don't win.
5. Bid online on 26 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.