1,240 sq ft Flat for Auction in Indore – Jana SFB

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

1,240 sq ft

Reserve price / sq ft

₹935

Locality

—

City

Indore

State

Madhya Pradesh

Address

All that R.C.C. super structure comprising Flat No.209, on Second Floor, comprising super built up area 1240 Sq. ft. (115.24 Sq mirs), in the multi-storey building known as "Star Avenue", Block-B, constructed on the Land bearing Survey No. 270/2, New Survey No.270/2/2, admeasuring area 0.465 Hectare, situated at Gram Mundala Nayta, P.H. No.66, within the lists of Nagar Nigam Indore, Tehsil & District Indore (M.P.). Bounded by: East by: Flat No.210, West by: Open Space then Flat No.208, North by: Common Passage then Flat No.211 and South by: Open Space then Common Road. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Jana Small Finance Bank

Branch

Vijay Nagar Indore

Auction type

SARFAESI Auction

Borrower

Mrs. S*****

Auction start

30 Oct 2026, 11:00 AM

Auction end

30 Oct 2026, 02:00 PM

EMD submission deadline

29 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2412806

Price Check

This listing's reserve price works out to ₹935 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,549 per sq ft, so this one is 79% 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 2412806), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,15,940 before 29 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Oct 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.