2,815.98 sq m Factory for Auction in Indore – Chola

Property Details

Property type

Factory (Industrial)

Possession

Not specified

Area

2,815.98 sq m (≈ 30,310 sq ft)

Reserve price / sq ft

₹221

Locality

—

City

Indore

State

Madhya Pradesh

Address

Item 5: Plot No. 11, Patwari Halka No. 46, Industrial Area. Narmada Road, Barwaha, Tehsil Barwaha, District Khargone Plot Area: 2815.98 Sq. Mtr. Boundaries: East: Industrial Area Road, West: Department Land, North: M/s Kanhaiya Oil Mill, South: M/s Gayatri Industries View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

13 Nov 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 468898

Price Check

This listing's reserve price works out to ₹221 per sq ft. The average across industrial bank auctions in Indore on our site is ₹2,208 per sq ft, so this one is 90% 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 (AuctionTiger · Auction ID 468898), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 13 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.