1.17 hectares Residential Plot for Auction in Industrial Area Pilu Khedi, Rajgarh – Indian Bank

Property Details

Property type

Residential Plot (Residential)

Possession

Physical Possession

Area

1.17 hectares (≈ 1,25,937 sq ft)

Reserve price / sq ft

₹87

Locality

Industrial Area Pilu Khedi

City

Rajgarh

State

Madhya Pradesh

Pincode

465667

Address

Industrial Area Pilu Khedi, Madhya Pradesh, 465667 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

BHOPAL-T.T.NAGAR - 4617

Auction type

SARFAESI Auction

Borrower

CHISTECH M***** P** L**

Auction start

20 Nov 2026, 10:00 AM

Auction end

20 Nov 2026, 05:00 PM

EMD submission deadline

20 Nov 2026, 05:00 PM

Inspection

02 Nov 2026, 12:00 PM – 19 Nov 2026, 05:00 PM

Authorised officer

PRAVAKAR SAHOO

Officer contact

8780783580

E-auction portal

BAANKNET (Property ID IDIB30628110677)

Price Check

This listing's reserve price works out to ₹87 per sq ft. The average across residential bank auctions in Rajgarh on our site is ₹1,153 per sq ft, so this one is 92% 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 IDIB30628110677)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 20 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 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.