11,000 sq feet Commercial Building for Auction in Raisen – IOB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

11,000 sq feet (≈ 11,000 sq ft)

Reserve price / sq ft

₹847

Locality

—

City

Raisen

State

Madhya Pradesh

Pincode

464990

Address

Raisen, Madhya Pradesh, 464990 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

MANDIDEEP-2327

Auction type

SARFAESI Auction

Borrower

AISHWARYA C***** r***** by i** p***** Mrs. D**** P*** w** L*** R***** P***

Auction start

23 Oct 2026, 11:00 AM

Auction end

23 Oct 2026, 01:00 PM

EMD submission deadline

22 Oct 2026, 05:00 PM

Inspection

08 Oct 2026, 04:00 PM – 22 Oct 2026, 04:00 AM

Authorised officer

Brij Kishore Sahu

Officer contact

8925952327

E-auction portal

BAANKNET (Property ID IOBA2327AC)

Price Check

This listing's reserve price works out to ₹847 per sq ft. The average across commercial bank auctions in Raisen on our site is ₹394 per sq ft, so this one is 115% 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 8 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA2327AC)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 22 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 23 Oct 2026 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.