1,405 sq ft Residential Plot for Auction in Indore – KBL

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

1,405 sq ft

Reserve price / sq ft

₹3,630

Locality

—

City

Indore

State

Madhya Pradesh

Address

All that part and parcel of Residential Property bearing Municipal No. 16/8 (Old No. 163, 170, 726) admeasuring 1405 sq. ft. situated at Parsi Mohalla, Indore and bounded by: East-Road, West-Gali, North-House of Ramkisan, South-House of Bashir Hussain View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karnataka Bank

Branch

Indore

Auction type

SARFAESI Auction

Borrower

Mr. D***** K*****

Auction start

24 Nov 2026, 11:00 AM

Auction end

24 Nov 2026, 12:00 PM

EMD submission deadline

23 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2459581

Price Check

This listing's reserve price works out to ₹3,630 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 21% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (4Closure · Listing 2459581), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,10,000 before 23 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 24 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.