800 sq feet House for Auction in Mangaliya Sadak, Mangalya, Indore – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

800 sq feet (≈ 800 sq ft)

Reserve price / sq ft

₹4,325

Locality

Mangaliya Sadak, Mangalya

City

Indore

State

Madhya Pradesh

Pincode

453771

Address

Mangaliya Sadak, Mangalya, Madhya Pradesh, 453771 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

MANGALYA-SADAK-6057

Auction type

SARFAESI Auction

Borrower

Shri. K**** R** W**** S** V**** R** W****

Auction start

20 Nov 2026, 12:00 PM

Auction end

20 Nov 2026, 02:00 PM

EMD submission deadline

19 Nov 2026, 05:00 PM

Inspection

21 Oct 2026, 10:00 AM – 19 Nov 2026, 04:00 PM

Authorised officer

RAJESH KUMAR GUPTA

Officer contact

7049919126

E-auction portal

BAANKNET (Property ID CNRBXXKUNAL)

Price Check

This listing's reserve price works out to ₹4,325 per sq ft. The average across residential bank auctions in Indore on our site is ₹4,610 per sq ft, so this one is 6% 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 21 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBXXKUNAL)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 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.