New Delhi / Jabalpur |: The Housing and Urban Development Corporation Ltd. (HUDCO) has announced the e-auction of a prime commercial property located in Jabalpur, Madhya Pradesh, under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. The auction presents a significant investment opportunity for developers, real estate companies, hospitality groups, healthcare institutions, and commercial investors seeking a strategically located property with strong redevelopment potential.
The property, known as Entertainment World (Treasure Island), is situated at Mouza–Polipathar, Gwarighat Road, Jabalpur. Spread across approximately 12,975 square metres, the site includes an existing Ground + 2 (G+2) commercial structure with a built-up area of around 14,661 square metres.
Prime Location with Multiple Redevelopment Opportunities
Located adjacent to the Gwarighat Main Road, the property enjoys excellent connectivity and visibility, making it suitable for a wide range of commercial and mixed-use developments.
According to HUDCO, the property can potentially be redeveloped into:
- Shopping Mall
- Hotel or Hospitality Project
- Retail Complex
- Residential Development
- Hospital or Healthcare Facility
- Warehouse or Logistics Hub
- Mixed-Use Commercial Project
Its strategic location in one of Jabalpur’s important commercial corridors enhances its appeal for long-term investment and urban development.
Auction Details
HUDCO has fixed the Reserve Price of the property at ₹107.00 crore, while the Earnest Money Deposit (EMD) required for participation has been set at ₹10.70 crore.
The minimum bid increment has been fixed at ₹15 lakh, ensuring a transparent and competitive bidding process.
Key Dates
- Last Date for Submission of EMD and Bid Documents: 24 August 2026 (up to 4:00 PM)
- E-Auction Date: 25 August 2026
- Auction Timing: 11:00 AM to 1:00 PM
The auction will be conducted through HUDCO’s authorized online e-auction platform, allowing eligible bidders to participate digitally.
Eligibility and Participation
Interested bidders are advised to carefully review the eligibility criteria, auction terms and conditions, payment schedule, and other procedural requirements before submitting their bids.
Participation in the auction will be subject to compliance with all conditions specified in the official auction notice issued by HUDCO under the SARFAESI Act, 2002.
Boost for Commercial Investment in Madhya Pradesh
The proposed e-auction is expected to attract interest from real estate developers, infrastructure companies, hospitality chains, retail brands, institutional investors, and healthcare operators looking to establish a presence in the rapidly growing city of Jabalpur.
Given the property’s substantial land area, existing infrastructure, and prime roadside location, industry experts believe it offers excellent potential for large-scale commercial redevelopment and could contribute significantly to the city’s urban and economic growth.
Official Information
HUDCO has advised prospective bidders to obtain complete details regarding the auction process, eligibility requirements, payment guidelines, and property specifications from the official auction notice available on the corporation’s website before participating.
The e-auction reflects HUDCO’s commitment to transparent asset disposal while creating opportunities for productive redevelopment of valuable commercial assets. If successfully auctioned and redeveloped, the project could emerge as a major commercial landmark in Jabalpur, generating employment, boosting investment, and supporting the city’s expanding infrastructure and business ecosystem.
