772 sq ft Commercial Building for Auction in Indore – Chola

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

772 sq ft

Reserve price / sq ft

₹23,316

Locality

—

City

Indore

State

Madhya Pradesh

Address

All the Piece And Parcels Of Immovable Property Portion/Shop No.G-1, Ground floor of Rudra Enclave, Plot/House No.273-A/G, Scheme No. 74-C, Sector-A (Ward No.29), INDORE Super built up area 772 sq.ft. (71.74 sq.mtr.) Bounded as Follows: East Common Passage, West: Road, North: Plot No 274A.G. Scheme No.74-C, South: Shop No.G-2 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. B*** S*****

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 12:00 PM

EMD submission deadline

14 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2392170

Price Check

This listing's reserve price works out to ₹23,316 per sq ft. The average across commercial bank auctions in Indore on our site is ₹8,137 per sq ft, so this one is 187% 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 (bankauctions.in (4Closure) · Listing 2392170), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹18,00,000 before 14 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 15 Oct 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.