3,900 sq ft Residential Plot for Auction in Indore – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

3,900 sq ft

Reserve price / sq ft

₹2,115

Locality

—

City

Indore

State

Madhya Pradesh

Address

All the part and parcel of the Property Situated At-Land Survey No. 324/1/3/2. Rakba 0.0222 Hect/Area 2388 Sq.ft., 324/1/3/1/2, Rakba 0.0140 Hect/Area 1512 Sq ft Total Rakba 0.0362 Hect/Area 3900 Sq.ft. P.H.No. 23, Ward No. 07 Nageshwar Marg Maheshwar Tehsil Maheshwar Distt Khargone (M.P)1) Land Survey No. 324/1/3/2. Rakba 0222 He. 2388 sq. 221.93 sq. mtr. Boundaries:- East Road And Plot of Patidar, West Mali Samaj Dharamshala And other House, North Road, South Self Land 2) Land Survey No. 324/1/3/2. Rakba 0 0140 He 1512 Mese 1000 sq ft. 92.93 sq. mtr. Boundaries:- East: Road, West Mali Samaj Dharamshala, North Self Land, South Plot of Akhilesh And Arvind.3) Land Survey No. 324/1/3/2. Rakba 0. 0140 He 1512 Mese 512 sq ft. sq mtr. Boundaries:- East Land of Santosh Patel, West Road, North: Land, South: Land of Kamal saraf. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

Guindy

Auction type

SARFAESI Auction

Borrower

M/s S*** T*****

Auction start

13 Nov 2026, 11:00 AM

Auction end

13 Nov 2026, 12:00 PM

EMD submission deadline

12 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2442077

Price Check

This listing's reserve price works out to ₹2,115 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 54% 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 (4Closure · Listing 2442077), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹8,25,000 before 12 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 13 Nov 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.