600 sq feet Residential Plot for Auction in Indore – IOB

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

600 sq feet (≈ 600 sq ft)

Reserve price / sq ft

₹4,465

Locality

—

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

Indian Overseas Bank

Branch

INDORE-662

Auction type

SARFAESI Auction

Borrower

M/S J** A*** S***** P** L** (***** U**** C****

Auction start

30 Nov 2026, 11:00 AM

Auction end

30 Nov 2026, 01:00 PM

EMD submission deadline

27 Nov 2026, 05:00 PM

Inspection

02 Nov 2026, 11:00 AM – 27 Nov 2026, 04:00 PM

Authorised officer

KARTIK AGGARWAL

Officer contact

9958844399

E-auction portal

BAANKNET (Property ID IOBA0662JMB)

Price Check

This listing's reserve price works out to ₹4,465 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 3% 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 2 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA0662JMB)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 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.