310 sq feet Commercial Building for Sale (Bank Auction) in Shop At Neemuch Road Indore, Dr Ambedkar Nagar, Indore – CBI

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

310 sq feet (≈ 310 sq ft)

Reserve price / sq ft

₹4,803

Locality

Shop At Neemuch Road Indore, Dr Ambedkar Nagar

City

Indore

State

Madhya Pradesh

Pincode

453331

Address

Shop at Neemuch Road Indore, Dr Ambedkar Nagar, Madhya Pradesh, 453331 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Central Bank of India

Branch

SANYOGITAGANJ, INDORE_RO-1097

Auction type

SARFAESI Auction

Borrower

The h***** h*** t** P*** M***** l****

Auction start

—

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

BAANKNET (Property ID CBIN0281097001)

Price Check

This listing's reserve price works out to ₹4,803 per sq ft. The average across commercial bank auctions in Indore on our site is ₹8,137 per sq ft, so this one is 41% 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 (BAANKNET (Property ID CBIN0281097001)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on — 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.