1,500 sq ft Residential Plot for Auction in Indore – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

1,500 sq ft

Reserve price / sq ft

₹2,860

Locality

—

City

Indore

State

Madhya Pradesh

Address

All that a piece and parcel of the Property Situated at P.H. No. 00054, Plot no. 29, Annapurna Nagar Colony, Gram Borlay, Tehsil and Distt. Barwani M.P., Area 30 50-1500 Sq. Ft. 139.41 Sq.Mtr.and Bounded by: East-Colony's Road, West- Colony's Plot no. 48, North-Colony's Plot no. 30, South-Colony's Road 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. J***** Da D****

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 2392162

Price Check

This listing's reserve price works out to ₹2,860 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,549 per sq ft, so this one is 37% 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 (bankauctions.in (4Closure) · Listing 2392162), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,29,000 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 ₹50,000.
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.