Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609945
Bank Name:India Infoline Housing Finance Ltd. (IIFL-HFL)
Branch Name:Indore
Reserve Price:₹12,00,000
EMD:₹1,20,000
Bid Increment:₹25,000
Auction Time:1100 hrs-1300 hrs.
Service Provider:Public Auction
Important Dates
Submission Date:2025-03-12
Bid Start Date:2025-12-05
Property Description
This is a residential plot located in Mhow, Indore, Madhya Pradesh, brought to auction by India Infoline Housing Finance Ltd. (IIFL-HFL) under the SARFAESI Act. The property is part of an auction initiated by IIFL-HFL.
State:Madhya Pradesh
City:Indore
Area:Mhow
Asset Category:Residential
Full Address:87, Nature Valley, Plot No 87, Nature Valley, Village Jamil, Tehsil Mhow, District Indore, Madhya Pradesh 453441, Mhow, Indore
Building/Society:Nature Valley
Size:1000.00 Sq. Ft.
Auction Description
India Infoline Housing Finance Ltd. (IIFL-HFL) is conducting a SARFAESI auction for a residential plot in Mhow, Indore. The reserve price for this auction is ₹12,00,000, with an Earnest Money Deposit (EMD) of ₹1,20,000 required. The auction will take place on December 5, 2025, from 11:00 AM to 01:00 PM.
Borrower Name:Mr. Rohit Parmar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Uma Bai
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in Mhow, a developing area near Indore. While the location has potential, the auction terms and reserve price require careful evaluation. This represents a calculated risk with moderate investment appeal.
Contact Details
Branch:Branch Office : Indore
Service Provider:Public Auction
Contact Details:
Authorized Officer
Contact no:18002672499
