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1.14 hectare Land for Auction in Mundala Nayata, Indore – Edelweiss ARC

Mundala Nayata, Indore, Madhya Pradesh · Auction ID #3911

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Reserve Price ₹5,81,00,000
EMD (Earnest Money)₹58,10,000
Bid Increment₹1,00,000
Auction Date 05 Nov 2026, 11:30 AM In 36 days
EMD Last Date 03 Nov 2026, 05:00 PM In 34 days
Area1.14 hectare

Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
1.14 hectare (≈ 1,22,708 sq ft)
Reserve price / sq ft
₹473
Locality
Mundala Nayata
City
Indore

Description (as per sale notice)

All that piece and parcel of non-agricultural land of Avalanche Realty Private Limited, Patwari Halka No. 26, Revenue Circle No. 2, bearing Survey No 149/2, Rakba 1.140 hectares [2.817 acres/11400 square meters] situated at Village Mundala Nayata, Tehsil and District – Indore, State Madhya Pradesh and bounded as under: On the North: Street and other land On the South: Nala On the East: Nala On the West: Land of Shabbir Chacha

Bank & Auction Details

Branch
Edelweiss Asset Reconstruction Company Ltd, Kalina, Mumbai-BO
Auction type
SARFAESI Auction
Borrower
Ramkrishna S***** P***** L*****
Auction start
05 Nov 2026, 11:30 AM
Auction end
05 Nov 2026, 12:30 PM
EMD submission deadline
03 Nov 2026, 05:00 PM
Inspection
12 Aug 2026, 11:00 AM – 12 Aug 2026, 03:00 PM
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹473 per sq ft. The average across land & agricultural bank auctions in Indore on our site is ₹2,471 per sq ft, so this one is 81% 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 (open notice).
  2. Inspect the property on 12 Aug 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹58,10,000 before 03 Nov 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 5 Nov 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Edelweiss Asset Reconstruction Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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