Indore Plot Auction 453112: Plot (850 sq ft) – Reserve ₹28.2 Lakh (9 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Indore plot auction 453112, offered by Bank of India at a reserve of ₹28.2 Lakh. On offer is a plot in Indore (PIN 453112), with 850 sq ft carpet area. The online auction runs on 9 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹28,20,000.

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 Plot Auction 453112: Key Highlights

• Reserve price: ₹28,20,000 (₹28.2 Lakh)
• EMD: ₹2,82,000
• Bid increment: ₹25,000
• Auction: 9 October 2026, 11:00 AM to 5:00 PM
• Last date for EMD: 9 October 2026, 4:59 PM
• Location: Indore, Madhya Pradesh
• Possession: Symbolic

Indore Plot Auction 453112 – Complete Details

Auction ID	364662
Bank property ID	BKID000000294
Bank	Bank of India
Branch	A.b.road
Property type	Residential – Plot
Carpet area	850 sq ft
Locality	Indore
City / District	Indore
State	Madhya Pradesh
PIN code	453112
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹28,20,000
EMD	₹2,82,000
Bid increment	₹25,000
Auto-extension	10 minutes per late bid

About the Location – Indore

The property is located in Indore, Madhya Pradesh (PIN 453112). 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 A.b.road, which is usually the best contact for site visits and local queries.

Is the Indore Plot Auction 453112 Worth It?

At the reserve price, the property works out to about ₹3,318 per sq ft of carpet area – compare this with recent resale rates in Indore before you bid. The EMD of ₹2,82,000 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 Plot Auction 453112

• Inspection window: 5 October 2026, 11:00 AM to 5 October 2026, 5:00 PM
• EMD submission opens: 25 September 2026
• Last date for EMD: 9 October 2026, 4:59 PM
• E-auction: 9 October 2026, 11:00 AM to 5:00 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 364662 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9975289929.
4. Pay the EMD of ₹2,82,000 through the BAANKNET wallet before 9 October 2026, 4:59 PM.
5. Log in on 9 October 2026 and bid above the reserve in steps of ₹25,000; 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

• Obtain the encumbrance certificate and verify the title chain.
• Confirm land use or zoning and road access on site.
• Check the survey sketch, boundaries and any encroachment.
• Verify that property tax and other local dues are clear.
• Read our auction property due diligence checklist before you bid.

Indore Plot Auction 453112: FAQs

More BOI and Madhya Pradesh Auctions

• All Bank of India auction listings
• More residential plot auctions
• Bank auctions in Madhya Pradesh
• Guide: reserve price bidding strategy

Source: Auction ID 364662 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of India before bidding.