177.64 sq ft Shop for Auction in Indore – Kotak

Property Details

Property type

Shop (Commercial)

Possession

Not specified

Area

177.64 sq ft

Reserve price / sq ft

₹21,000

Locality

—

City

Indore

State

Madhya Pradesh

Pincode

452001

Address

ALL THAT PIECE AND PARCEL OF COMMERCIAL LEASE HOLD PROPERTY SHOP NO. A-5, AT GROUND FLOOR, ADMEASURING, 177.64 SQ. FT., I.E. 16.515 SQ. MTR. ALONG WITH THE ENTIRE CONSTRUCTION STANDING THEREON AT MULTISTORIED BUILDING NAVLAKHA COMPLEX BLOCK ‘C’ UNDER INDORE DEVELOPMENT AUTHORITY SCHEME NO. 31, TEH & DIST. INDORE, MADHYA PRADESH, 452001 BOUNDED AS IN NORTH-EAST: SHOP NO. A-4, IN SOUTH-WEST: SHOP NO. A-6, IN NORTH-WEST: SHOP NO. A-8, IN SOUTH-EAST: PASSAGE. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Kotak Mahindra Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

M/s R*** S**** & M***** P** L**

Auction start

10 Dec 2026, 11:00 AM

Auction end

10 Dec 2026, 12:00 PM

EMD submission deadline

10 Dec 2026

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

eAuctions (Linkstar) · Auction ID 11065

Price Check

This listing's reserve price works out to ₹21,000 per sq ft. The average across commercial bank auctions in Indore on our site is ₹8,309 per sq ft, so this one is 153% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (eAuctions (Linkstar) · Auction ID 11065), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 10 Dec 2026. It is refunded if you don't win.
5. Bid online on 10 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.