Flat for auction 604 P-3 Pride, Huzur, Bhopal by Canara

Prospective homebuyers are presented with a remarkable opportunity to acquire a residential flat in the desirable Huzur area of Bhopal, Madhya Pradesh. This property, specifically Flat No. 604 on the Sixth Floor of Block P-3 within the well-regarded Pride City, offers a comfortable living space spanning 650 sq.ft. Situated in Village Katara, a part of Tehsil Huzur, this location promises a blend of urban convenience and a potentially serene environment. The flat's advantageous positioning is highlighted by its boundaries: facing a park to the East, ensuring green views, and bordering a corridor and Apartment No. 603 to the West, with common walls to Blocks P-3 and P-4 to the North, and Apartment No. 601 to the South. This Canara Bank auction offers a unique chance for first-time buyers or investors to secure a property in a developing locality, ideal for establishing a new home or as a valuable asset for future returns. Thorough due diligence is always recommended to understand the property's full potential.

This residential flat is being offered through a SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act auction, conducted by Canara Bank. This type of auction provides a transparent and legally robust process for acquiring properties from defaulting borrowers. The property's attractive Reserve Price is set at ₹1,600,000.00, requiring an Earnest Money Deposit (EMD) of ₹160,000.00, which is typically 10% of the reserve price and refundable to non-successful bidders. The e-auction is scheduled to commence on July 23, 2025, at 12:00 PM and conclude at 01:00 PM on the same day, with applications for participation accepted until 11:30 AM. Interested bidders are advised to register with the service provider, BAANKNET, and conduct all necessary background checks. For any further details or clarification regarding the auction process, prospective buyers may contact the provided helpline at +919005199549. It is crucial for new buyers to thoroughly review the auction terms and conditions before participating.