Independent research only · Not affiliated with any government, bank, or auction agency · Register, pay, and bid through the authority’s official process directly.
Announced16 Sep 2026
Tender submission closed12 Oct 2026
Final close unconfirmedScheduled close passed 6 Nov 2026
Last verified10 Nov 2026
IDA IndoreScheduled close passed
IDA Indore Palash flats: 31 homes in Scheme 103
Compare 18 two-bedroom and 13 three-bedroom flats, with exact prices, deposits and the revised 6 November auction for eligible bidders.
31 flatsReserve ₹64,07,264 – ₹89,42,497Tender submission closed 12 Oct 2026
First seen · Updated · Scheduled close passed 6 Nov 2026 — final close unverified · Source: IDA Indore linked official auction materials
Scheduled close passed; final status unverified. Automatic extensions apply, so the printed time does not establish the final close. Confirm the final close on the official IDA Indore source before acting; do not treat the scheduled time as proof that the auction has ended. BiddingPulse does not publish real-time extension activity. BiddingPulse publishes clearing prices only from official sources.
Key facts IDA Indore Palash Scheme 103 flats e-auction
Authority
Indore Development Authority
Status
Final status pending
Flats
31
Location
Palash, Scheme No. 103, Indore, Madhya Pradesh
Eligible-bidder live auction
6 Nov 2026, 12:30–3:30 PM IST, subject to auto-extension
Compiled from IDA Indore’s linked official materials. BiddingPulse is independent research, not affiliated with IDA Indore; registration, payment and bidding happen on the official source.
On the numbers
What “31 flats” means
What the IDA Indore official auction materials say
Advertisement 172 offers 31 residential Palash flats through a tender followed by eligible-bidder live auctions.
What BiddingPulse covers
All 31 serials, exact Reserve Prices, both conflicting EMD amounts, all three area measurements, the revised common auction window and the full form’s applicant requirements. The older Palash lottery and project-wide count are separate records.
Auction summary
Source: IDA Indore linked official auction materials
Compare 31 residential flats at Palash, Scheme 103, Indore: 18 two-bedroom and 13 three-bedroom flats. The table keeps carpet area separate from built-up and super built-up area.
Online tender submissions opened 22 Sep 2026, 11:30 AM IST and closed 12 Oct 2026, 6:00 PM IST. Online bidding was scheduled for 6 Nov 2026, 12:30–3:30 PM IST, subject to auto-extension on the Madhya Pradesh e-Procurement portal (MP Tenders).
The notice set two main amounts for every flat. The first is the reserve price — the authority’s published floor. On bidding, the linked official auction materials say: the online price offer must equal or exceed the flat’s published Reserve Price. Across these 31 flats, the reserve runs from ₹64,07,264 to ₹89,42,497. Published carpet area spans 70.4 to 97 square metres. The reserve is the floor stated in the notice — not evidence of any final or accepted price. The second number is the earnest money (EMD), but the official sources conflict: the full tender form lists ₹3,20,363–₹4,47,125 per flat (5% of Reserve Price); advertisement 172 prints ₹3,50,000 for 2 BHK and ₹4,50,000 for 3 BHK. Both source amounts are shown for every flat. Confirm the current payable amount with IDA. These two are not the whole cost: the notice also lists a ₹295 processing fee including GST, listed separately on MP Tenders.
Use the notice and bidder portal links below to check the latest auction status.
Auction timeline
Source: IDA Indore linked official auction materials
Stage
Date & time
What it means
Source
Advertisement issued
16 Sep 2026
IDA publishes the 31-flat Palash tender-cum-auction schedule
IDA advertisement 172
Tender submission opens
22 Sep 2026, 11:30 AM IST
The documents give 11:30 AM IST; MP Tenders gives 6:30 PM IST on the same day. All three sources agree on the 12 October, 6:00 PM IST submission deadline.
IDA advertisement 172 and tender form; portal differs
Tender submission closes
12 Oct 2026, 6:00 PM IST
The qualifying submission deadline applies to all 31 flats; this is earlier than the November live auctions
IDA advertisement 172
Technical tenders open
14 Oct 2026, 11:30 AM IST
Technical tender opening; no end time is printed
IDA advertisement 172
Proposed financial opening
30 Oct 2026, 4:00 PM IST
Revised proposed initial financial tender opening, distinct from the eligible-bidder live auction
IDA Amendment 2, row 4
Eligible-bidder live auction
6 Nov 2026, 12:30–3:30 PM IST, subject to auto-extension
Amendment 2 replaces the original sessions for the same 31-flat tender with one eligible-bidder auction window. The inspected full form provides portal auto-extension without a stated maximum.
IDA Amendment 2, row 5; FORM103FLATS.pdf, page 13
Palash eligibility and tender terms
Each record keeps IDA’s three separate area columns, exact Reserve Price and earnest money. All 31 rows are General category (सामान्य).
MP Tenders Tender Status for 2026_DTCP_536807_1, 10 November 2026
What does MP Tenders show after the 6 November auction?
On 10 November at 7:39 PM IST, MP Tenders’ Tender Status for 2026_DTCP_536807_1 showed the stage “Financial Bid Opening”, with the Technical Bid Opening, Technical Evaluation, Financial Bid Opening, Financial Evaluation and AOC (award of contract) rows still blank. IDA has published no result. IDA’s approval is still required after bidding, so this page does not say whether any flat was sold or at what price.
Individuals can apply on their own or jointly. The form also covers Hindu undivided families (HUFs), sole proprietorships, partnerships, limited liability partnerships (LLPs), companies, trusts, societies, co-operatives and government or semi-government bodies. Applicants must be legally eligible and declare that they have no legal disqualification. Organisations must use an authorised signatory. All 31 flats are General category.
Applicants need MP Tenders registration and a Class III digital signature certificate valid through the submission deadline. The complete online tender includes payment proof, signed applicant documents and a separate price offer at or above the flat’s Reserve Price. IDA checks these before admitting bidders to the live auction. Any bidder-shortlisting rules set by IDA on the portal also apply.
FORM103FLATS.pdf, pages 17, 46–56
Which applicant documents are required?
The form requires identity and address proof, PAN, the completed application, financial-offer declaration and document checklist. Form C is an affidavit on ₹100non-judicial stamp paper, attested by a notary or executive magistrate. Organisations also supply their formation documents and signatory authorisation. GST registration and category certificates are required only where applicable.
The full tender form lists 5% of Reserve Price for each flat: ₹3,20,363–₹3,48,719 for 2 BHK and ₹4,30,179–₹4,47,125 for 3 BHK. Advertisement 172 instead prints ₹3,50,000 and ₹4,50,000. Both amounts are shown beside every flat. These inspected documents differ. Confirm the current payable amount with IDA before paying. MP Tenders separately lists a ₹295 processing fee including GST.
What is the entry deadline and revised auction schedule?
The last verified tender-submission cutoff is 12 October 2026 at 6:00 PM IST, also displayed in the MP Tenders record checked on 30 October. Amendment 2 does not announce reopened entry: rows 1–3 show “—” for changes to the entry and technical-opening dates. It moves the proposed financial opening to 30 October at 4:00 PM IST and the eligible-bidder auction for all 31 flats to 6 November, 12:30–3:30 PM IST, subject to auto-extension. This common session replaces the advertisement’s serial-wise3–6 November sessions.
MP Tenders, exact tender 2026_DTCP_536807_1, Corrigendum History checked 30 October 2026
Which intervening amendment still needs checking?
MP Tenders lists Amendment 1, published 9 October 2026 at 6:54 PM IST, but disables its PDF download after the document deadline. Its contents remain unverified. Ask IDA for PALASH-AMENDMENT-1.pdf and confirm whether it changes the conflicting EMD amounts or other conditions before relying on the original form.
After IDA issues the reservation letter, the successful bidder has 30 days to pay enough to bring the total to 25% of the accepted price, including the EMD already paid, and execute the agreement. The remaining 75% follows the allotment letter. The scheme terms place possession after payment of the full price; they do not give a calendar handover date.
Advertisement 172; FORM103FLATS.pdf, pages 28 and 43–45
What property interest and conditions are stated?
The notice offers residential flats with भू-स्वामी (Bhumiswami) rights. The form records completed development and an occupancy certificate dated 24 December 2024. It does not allocate parking or identify a floor for each flat. IDA’s approval is still required after bidding. Amendments are posted on IDA and MP Tenders.
Where the 31 flats are
From advertisement 172
All 31 flats are in Palash, Scheme 103.
Source-accounted inventory
How the 31 flats break down
All 31 accounted for in every view
Each card classifies the same 31 flats from a different angle — these are not separate pools of inventory.
Choose a flat size
2 groups
The same 31 flats, grouped by the configuration printed by IDA.
2 BHKReserve ₹64,07,264–₹69,74,3751858.1%
3 BHKReserve ₹86,03,571–₹89,42,4971341.9%
Compare the two blocks
2 groups
Block letters come from the source flat identifiers; the notice does not separately name floors.
Block BCompare carpet, built-up and super built-up area in each flat record.1651.6%
Block FCompare carpet, built-up and super built-up area in each flat record.1548.4%
18 two-bedroom flats and 13 three-bedroom flats in Palash, Scheme 103. Reserve Prices are ₹64,07,264–₹69,74,375 for 2 BHK and ₹86,03,571–₹89,42,497 for 3 BHK.
View 31 flats
IDA 172 serial 1
Flat F-110
2 BHK
Carpet area
75.20 m²
Reserve Price
₹69,74,375
Earnest money
Form ₹3,48,719; advertisement ₹3,50,000 — amounts differ
Built-up area
107.60 m²
Super built-up area
141.92 m²
Live auction
6 Nov 2026 · 12:30–3:30 PM IST, subject to auto-extension
The scheduled close has passed, but the final close is unverified. Automatic extensions apply, so the printed time does not establish the final close. Check the official source for current status before acting; BiddingPulse does not infer an outcome from the scheduled close.
The official sources conflict: the full tender form lists ₹3,20,363–₹4,47,125 per flat (5% of Reserve Price); advertisement 172 prints ₹3,50,000 for 2 BHK and ₹4,50,000 for 3 BHK. Both source amounts are shown for every flat. Confirm the current payable amount with IDA. Check whether a property-specific amount applies in the current official auction materials before paying.
When were registration and bidding scheduled?
Bidding was scheduled for 6 Nov 2026, 12:30–3:30 PM IST, subject to auto-extension; the notice set Tender submission closes — 12 Oct 2026, 6:00 PM IST. Confirm the final close, including any extensions, on the MP Tenders portal / the official notice.
Where were tenders to be submitted, and who can join the live e-auction?
The notice named the Madhya Pradesh e-Procurement portal at https://mptenders.gov.in/nicgep/app?page=Home&service=page for tender submission and the live e-auction. New tender submission has closed. Only applicants with a valid completed e-tender can take part in the live e-auction.
What else should I know about this auction?
From the official documents
Amendment 2 changes the financial opening and live-auction timetable for the same 31 flats. The last verified entry cutoff is 12 October; Amendment 2 does not announce a reopening. The portal’s generic Bid Opening Date remains 14 October and is a technical-opening date, not the revised live-auction session. The 6 November auction is for eligible bidders, with the form’s auto-extension rule.
The 57-page tender form establishes applicant and document requirements. Its EMD amounts differ from the advertisement; both are retained for each flat.
Check the linked official documents for the latest details before applying or paying.
Publication record
Every change dated · never silently rewritten
6 Nov 2026 (scheduled close)
Final close — verification pending
The scheduled close has passed, but the notice permits late-bid extensions. Bidding may still be continuing: verify the final close on the official source. These sources were checked on 10 Nov 2026; this page is not continuously monitored and may already be out of date — the current official record controls.
10 Nov 2026
MP Tenders shows Financial Bid Opening; no result yet
On 10 November, four days after the scheduled 6 November live auction, MP Tenders’ Tender Status for 2026_DTCP_536807_1 showed the stage “Financial Bid Opening”, with every stage row, including the AOC (award of contract), still blank. No award, live-auction outcome or result has been published.
Financial opening and eligible-bidder auction rescheduled
IDA’s signed 28 October Amendment 2 moves the proposed financial opening to 30 October, 4:00 PM IST, and the same 31-flat tender’s eligible-bidder live auction to 6 November, 12:30–3:30 PM IST. Amendment 2 does not announce reopened entry. The last verified submission cutoff is 12 October. The advertisement’s original sessions were 3–6 November.
Verified applicant types, digital-signature and document requirements in the current 57-page tender form. Added the form’s differing EMD for every flat and its auction auto-extension rule.
All 31 flats in advertisement 172 were checked against the official notice, including their exact prices, three area measures, earnest money and assigned live-auction dates. The submission deadline is 12 October, 6:00 PM IST.