139.4 sq m Land for Auction in Sonpur, Chhindwara – Sitaara Housing Finance Limited

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

139.4 sq m (≈ 1,500 sq ft)

Reserve price / sq ft

₹600

Locality

Sonpur

City

Chhindwara

State

Madhya Pradesh

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Sitaara Housing Finance Limited

Branch

Sitaara Housing Finance Limited, Corporate Office, Gurugram - BO

Auction type

SARFAESI Auction

Borrower

Smt. R***** Y****

Auction start

12 Nov 2026, 11:00 AM

Auction end

12 Nov 2026, 02:00 PM

EMD submission deadline

11 Nov 2026, 05:00 PM

Inspection

10 Nov 2026, 10:00 AM – 10 Nov 2026, 06:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹600 per sq ft. The average across land & agricultural bank auctions in Chhindwara on our site is ₹311 per sq ft, so this one is 93% 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 (open notice).
2. Inspect the property on 10 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹90,000 before 11 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 12 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.