Flat for auction Chanderi Ashok Nagar 51 lakh Bank of India

This is a residential flat located in the historic town of Chanderi, within Ashok Nagar district, Madhya Pradesh. The property is being auctioned by the Bank of India under the SARFAESI Act. It presents a valuable opportunity for prospective buyers in a region known for its rich cultural heritage and textile traditions. The flat is categorized as residential, making it suitable for personal living or investment purposes. The auction details provide a clear entry point for interested parties to acquire this asset.

The Bank of India is conducting a SARFAESI auction for a residential flat in Chanderi, Ashok Nagar, Madhya Pradesh. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this property is set at 50,96,000 INR, with an Earnest Money Deposit (EMD) of 5,10,000 INR required to participate. This auction offers a transparent process for the acquisition of the property previously held by M/s Krishna Traders. Interested bidders are advised to review all auction terms and conditions.

The property, a flat in Chanderi, presents a calculated opportunity. The reserve price and EMD are reasonable, however, further assessment of the locality and property condition is needed before making an investment decision. The location in Ashoknagar, Madhya Pradesh is noted.