3,559 sq feet House for Auction in Indore, Indore – BOI

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

3,559 sq feet (≈ 3,559 sq ft)

Reserve price / sq ft

₹14,611

Locality

Indore

City

Indore

State

Madhya Pradesh

Pincode

452010

Address

INDORE, Madhya Pradesh, 452010 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

ARB INDORE

Auction type

SARFAESI Auction

Borrower

M/s M** K**** T*****

Auction start

09 Dec 2026, 11:00 AM

Auction end

09 Dec 2026, 05:00 PM

EMD submission deadline

09 Dec 2026, 04:59 PM

Inspection

08 Dec 2026, 11:00 AM – 08 Dec 2026, 04:00 PM

Authorised officer

Vikas Kumar

Officer contact

9568586767

E-auction portal

BAANKNET (Property ID BKID000000301)

Price Check

This listing's reserve price works out to ₹14,611 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 217% above 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 8 Dec 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKID000000301)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Dec 2026, 04:59 PM. It is refunded if you don't win.
5. Bid online on 9 Dec 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.