930.04 sq meter Commercial Building for Auction in Sanwer, Indore – UCO

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

930.04 sq meter (≈ 10,010 sq ft)

Reserve price / sq ft

₹4,485

Locality

Sanwer

City

Indore

State

Madhya Pradesh

Pincode

453551

Address

SANWER, Madhya Pradesh, 453551 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

UCO Bank

Branch

MAHARANI ROAD - INDORE-490

Auction type

SARFAESI Auction

Borrower

ALOK K**** G*****

Auction start

26 Nov 2026, 01:00 PM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 01:00 PM

Inspection

25 Nov 2026, 10:00 AM – 25 Nov 2026, 04:00 PM

Authorised officer

GARIMA SINGH

Officer contact

9616151419

E-auction portal

BAANKNET (Property ID UCBA04900510002063)

Price Check

This listing's reserve price works out to ₹4,485 per sq ft. The average across commercial bank auctions in Indore on our site is ₹8,309 per sq ft, so this one is 46% 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 25 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID UCBA04900510002063)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 01:00 PM. It is refunded if you don't win.
5. Bid online on 26 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.