Indore Godown Auction: Godowns (13,385 sq ft) – Reserve ₹1.94 Cr (15 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Indore godown auction, offered by Canara Bank at a reserve of ₹1.94 Cr. On offer is a godowns in Indore (PIN 452001), with 13,385 sq ft carpet area. The online auction runs on 15 October 2026 (11:00 AM to 12:00 PM) with a reserve price of ₹1,94,23,000.

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 Godown Auction: Key Highlights

• Reserve price: ₹1,94,23,000 (₹1.94 Cr)
• EMD: ₹19,42,300
• Bid increment: ₹1,00,000
• Auction: 15 October 2026, 11:00 AM to 12:00 PM
• Last date for EMD: 15 October 2026, 10:30 AM
• Location: Indore, Madhya Pradesh
• Possession: Physical

Indore Godown Auction – Complete Details

Auction ID	365541
Bank property ID	CNRBALOHA7THFLOOR
Bank	Canara Bank
Branch	Mumbai Specialised Arm Branch
Property type	Commercial – Godowns
Carpet area	13,385 sq ft
Locality	Rnt Marg, Indore M.p
City / District	Indore
State	Madhya Pradesh
PIN code	452001
Type of possession	Physical
Type of action	Under SARFAESI
Reserve price	₹1,94,23,000
EMD	₹19,42,300
Bid increment	₹1,00,000
Auto-extension	5 minutes per late bid

About the Location – Indore

Indore is in Indore district of Madhya Pradesh, under PIN code 452001. 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 Mumbai Specialised Arm Branch, which is usually the best contact for site visits and local queries.

Is the Indore Godown Auction Worth It?

At the reserve price, the property works out to about ₹1,451 per sq ft of carpet area – compare this with recent resale rates in Indore before you bid. The EMD of ₹19,42,300 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. The bank holds physical possession, which usually makes handover after the sale smoother.

Important Dates for the Indore Godown Auction

• EMD submission opens: 1 October 2026
• Last date for EMD: 15 October 2026, 10:30 AM
• E-auction: 15 October 2026, 11:00 AM to 12:00 PM
• Auto-extension: 5 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 365541 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9630370059.
4. Pay the EMD of ₹19,42,300 through the BAANKNET wallet before 15 October 2026, 10:30 AM.
5. Log in on 15 October 2026 and bid above the reserve in steps of ₹1,00,000; each late bid extends the auction by 5 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

• Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
• Inspect machinery, if included, and confirm the inventory.
• Verify pollution, fire and factory licence requirements.
• Check pending electricity, water and statutory dues.
• Read our buying bank auction houses and villas before you bid.

Indore Godown Auction: FAQs

More Canara Bank and Madhya Pradesh Auctions

• All Canara Bank auction listings
• More godown auctions
• Bank auctions in Madhya Pradesh
• Guide: symbolic vs physical possession explained

Source: Auction ID 365541 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.