Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613986
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹6,01,000
EMD:₹60,000
Bid Increment:₹10,000
Auction Time:11.00 A.M. to 5.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This is a residential flat located in Mandideep (R), Raisen, Madhya Pradesh. The property is being auctioned by the Bank of India under the SARFAESI Act. This is a great opportunity to acquire a property in a developing area.
State:Madhya Pradesh
City:Raisen
Area:Mandideep (R)
Asset Category:Residential
Full Address:F-4, Vaishno Avenue, Residential Flat No. F-4 Situated at First Floor of Vaishno Avenue, Plot No. 55 & 62 Near CLRR International School, Udhyogpuri Colony, Dahod Road, Mandideep Dist-Raisen (M.P.), Udhyogpuri Colony, Mandideep
Building/Society:Vaishno Avenue
Size:37.17 Sq.Mt.
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Mandideep (R), Raisen, Madhya Pradesh. The auction will start on November 25, 2025, at 11:00 AM and will end on the same day at 05:00 PM. The reserve price is ₹601,000.0 and the EMD is ₹60,000.0. This auction presents a chance to purchase a property from the bank at a competitive price.
Borrower Name:Mr. Karan Yadav
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Anju Yadav
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a small residential flat in Mandideep with a relatively low reserve price, making it accessible to a broader range of buyers. However, the location is somewhat peripheral, and the size is limited, resulting in a 'Calculated Opportunity' rating. Potential investors should carefully assess rental yields and long-term appreciation in the area.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:0755-2556770/2555169
