House for auction 243 Prince Vihar, Raslakhedi, Bhopal by Canara

This presents an exceptional opportunity for new property buyers to acquire a desirable residential plot/house, specifically identified as No. B-243, nestled within the well-regarded Prince Vihar Village in Raslakhedi, Bhopal, Madhya Pradesh. Spanning a comfortable 600.00 Sqft., this property boasts an advantageous location with excellent accessibility, featuring a prominent Colony Road to its east and another accessible road to its north, ensuring seamless connectivity. Situated in Raslakhedi, a burgeoning area within the vibrant city of Bhopal, the property offers promising potential for future appreciation, providing a serene yet connected living environment. As a dedicated residential asset, it is perfectly suited for developing a family home, offering a harmonious blend of urban convenience and community living. Acquiring this house through a transparent bank auction provides a secure and advantageous entry point into the real estate market, representing a solid investment for discerning first-time buyers.

The acquisition of this property will proceed via a SARFAESI Auction, a legally robust and transparent process conducted by Canara Bank, making it an ideal entry point for new buyers. The e-auction is meticulously scheduled for July 23, 2025, with bidding commencing at 12:00 PM and concluding promptly at 01:00 PM. Prospective bidders must note the competitive Reserve Price set at INR 503,000.00. To ensure participation, an Earnest Money Deposit (EMD) of INR 50,300.00 is required, which demonstrates serious intent and is typically adjusted against the final bid for the successful buyer. The crucial deadline for application submission is 11:30 AM on the auction day, July 23, 2025. The entire e-auction process will be seamlessly facilitated by BAANKNET, ensuring a professional and streamlined bidding experience. For any specific inquiries or further clarification regarding the auction process or property details, interested parties are strongly encouraged to contact the bank directly via Tel.: 9670499021. Thorough due diligence and property inspection prior to the auction are highly recommended for all participants.