Flat for auction 3101 Residential Flat, Hoshangabad, Bhopal by Canara Bank

Discover an outstanding opportunity for new property buyers with this residential flat, Flat No. 3101, located on the first floor of Crystal CC 'Lifestyle RRA Heritage' on Hoshangabad Road, Bhopal. Spanning a comfortable 580 sq ft, this well-appointed unit offers a compact yet efficient living space. Its prime location in Village Jalalabad, PH No.17, within Bhopal's rapidly developing Hoshangabad Road vicinity, ensures excellent connectivity and proximity to essential amenities, making it an ideal choice for urban living. The property boasts appealing boundaries, including a jogging track to the west and an open area to the south, promising a pleasant outlook and natural light. This flat presents a compelling opportunity for first-time homebuyers looking for an affordable entry into the market or investors seeking a promising asset in a thriving area, often available at a competitive price point through bank auctions.

This exceptional residential flat is being offered through a SARFAESI Act auction by Canara Bank, presenting a transparent and structured process for prospective buyers. The online e-auction is firmly scheduled for July 23, 2025, with bidding commencing promptly at 12:00 PM and concluding swiftly by 1:00 PM. A critical requirement for participation is the timely submission of your application, which must be completed by 11:30 AM on the auction day. Interested bidders are required to deposit an Earnest Money Deposit (EMD) of INR 61,500.00, representing 10% of the highly attractive reserve price of INR 615,000.00. This EMD is refundable for unsuccessful bidders. The auction will be facilitated by BAANKNET, ensuring a secure platform. For detailed inquiries regarding the auction process, property inspection, or any specific documentation, potential buyers are strongly encouraged to contact Canara Bank's Regional Office in Bhopal at 7080725570 well in advance of the auction date.