Flat for auction 603 King Park, Raisen, Bhopal by Canara

This exceptional residential flat, Flat no. 603, located on the Sixth Floor of Shivali Block within the esteemed "King Park City" in Pipaliyagajju, Mandideep Tehsil Goharganj, District Raisen, offers an outstanding opportunity for new property buyers. Situated strategically near Raisen Road, Bhopal, in Madhya Pradesh, the property benefits from a well-connected locale, ideal for modern urban living. With a comfortable Plinth Area of 430.40 sqft (40 sq mtrs) and a Carpet Area of 387.36 sqft, this flat provides ample space for individuals or small families seeking a cozy yet functional home. Its prime location in a developing area suggests significant potential for future appreciation, making it not just a residence but also a sound investment. The clear boundaries – East-Flat No 602, West- Flat No 604, North-Common Area, South-Road – ensure clarity regarding its precise layout. This Canara Bank flat auction represents a compelling entry point into property ownership in a desirable Bhopal vicinity.

Prospective buyers keen on acquiring this property through a transparent and regulated process should take note of the upcoming SARFAESI Auction conducted by Canara Bank. The e-auction is scheduled to commence on 23rd July 2025 at 12:00 PM and will conclude promptly at 01:00 PM on the same day, with the application submission deadline set for 11:30 AM. A Reserve Price of INR 9,87,000.00 has been established, requiring an Earnest Money Deposit (EMD) of INR 98,700.00, which is typically 10% of the reserve price and refundable if unsuccessful. Bidders are advised to submit their applications well in advance through the service provider, BAANKNET. It is crucial for new buyers to conduct thorough due diligence, including property inspection and verification of all associated documents, before participating. For further inquiries or assistance regarding the auction process, interested parties may contact the provided number: 8960968836. This bank auction presents a structured pathway to acquire property, but financial readiness and understanding the process are paramount.