Indore Flat Auction 452009: Flat (575 sq ft) – Reserve ₹15.5 Lakh (28 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Indore flat auction 452009, offered by Indian Bank at a reserve of ₹15.5 Lakh. On offer is a flat in Indore (PIN 452009), with 575 sq ft carpet area. The online auction runs on 28 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹15,50,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Indore Flat Auction 452009: Key Highlights

• Reserve price: ₹15,50,000 (₹15.5 Lakh)
• EMD: ₹1,55,000
• Bid increment: ₹10,000
• Auction: 28 October 2026, 11:00 AM to 4:00 PM
• Last date for EMD: 28 October 2026, 3:59 PM
• Location: Indore, Madhya Pradesh
• Possession: Symbolic

Indore Flat Auction 452009 – Complete Details

Auction ID	366693
Bank property ID	IDIB10028100067
Bank	Indian Bank
Branch	New Palasia, Indore
Property type	Residential – Flat
Carpet area	575 sq ft
City / District	Indore
State	Madhya Pradesh
PIN code	452009
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹15,50,000
EMD	₹1,55,000
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Indore

The property is located in Indore, Madhya Pradesh (PIN 452009). Madhya Pradesh offers affordable real estate in Indore, Bhopal, Jabalpur and Gwalior, with Indore in particular known for clean, well-planned growth. The handling branch is New Palasia, Indore, which is usually the best contact for site visits and local queries.

Is the Indore Flat Auction 452009 Worth It?

At the reserve price, the property works out to about ₹2,696 per sq ft of carpet area – compare this with recent resale rates in Indore before you bid. The EMD of ₹1,55,000 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Indore Flat Auction 452009

• Inspection window: 30 September 2026, 11:00 AM to 27 October 2026, 4:00 PM
• EMD submission opens: 29 September 2026
• Last date for EMD: 28 October 2026, 3:59 PM
• E-auction: 28 October 2026, 11:00 AM to 4:00 PM
• Auto-extension: 10 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366693 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9664796939.
4. Pay the EMD of ₹1,55,000 through the BAANKNET wallet before 28 October 2026, 3:59 PM.
5. Log in on 28 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 10 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Verify the title documents and the society or builder NOC.
• Check pending maintenance, property tax and utility dues.
• Confirm the possession status and whether the flat is occupied.
• Check the approved plan and occupancy certificate for the building.
• Read our tips for buying bank auction flats before you bid.

Indore Flat Auction 452009: FAQs

More Indian Bank and Madhya Pradesh Auctions

• All Indian Bank auction listings
• More flat auctions
• Bank auctions in Madhya Pradesh
• Guide: home loan for auction property

Source: Auction ID 366693 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.