315 sq ft Shop for Auction in Indore – Chola

Property Details

Property type

Shop (Commercial)

Possession

Not specified

Area

315 sq ft

Reserve price / sq ft

₹17,302

Locality

—

City

Indore

State

Madhya Pradesh

Address

Portion (Shop) No. 115, 1st Floor of Sundram, Part of Land Survey No. 1613/2/2, 1617, 1617/1645 of kasba Indore (Gurmeet Nagar) Teh. Dist. Indore (M.P.) admeasuring super Built-up area 315 Sq. Ft. Bounded as follows: East: Open Passage, West: Portion No. 117, North: Portion No. 116, South: Portion No. 11 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

Guindy

Auction type

SARFAESI Auction

Borrower

M/S. N**** Y***** A*****

Auction start

12 Dec 2026

Auction end

12 Dec 2026, 12:00 PM

EMD submission deadline

11 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471571

Price Check

This listing's reserve price works out to ₹17,302 per sq ft. The average across commercial bank auctions in Indore on our site is ₹8,309 per sq ft, so this one is 108% 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 (AuctionTiger · Auction ID 471571), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,45,000 before 11 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 12 Dec 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.