Land for auction 0001 Shakti Nagar, Bareli., Raisen by Canara Bank

Prospective buyers are invited to consider a prime residential land parcel located in the strategically developing area of Bareli, within Raisen district, Madhya Pradesh. This freehold land, identified by its P.H. No.30/21 and Kh. No.224/64/412399.00/-16/0001, offers a substantial area of 450 sqft, perfectly suited for constructing a family home or for future investment purposes. Situated within the well-defined Shakti Nagar Ward, specifically in Bhutada Colony, the property benefits from excellent accessibility with a 15-foot Colony Road forming its entire western boundary, ensuring ease of ingress and egress. Its clearly demarcated boundaries—flanked by land of seller to the East and South, and the plot of Jyoti Sahu to the North—provide certainty for development. The burgeoning Bareli region offers a blend of tranquil residential living with convenient proximity to essential amenities, making this land an ideal canvas for new homeowners looking to build their dream residence in a growing urban periphery with potential for appreciation.

This exclusive property is being offered through a SARFAESI E-Auction conducted by Canara Bank, presenting a unique opportunity for new buyers to acquire an asset at a potentially attractive valuation. The online auction is strategically scheduled for July 23, 2025, commencing precisely at 12:00 PM and concluding by 01:00 PM, providing a focused bidding window. Prospective participants are mandated to submit their applications by 11:30 AM on the auction day itself. A prerequisite for participation is the payment of an Earnest Money Deposit (EMD) of INR 48,600.00, which constitutes 10% of the competitive Reserve Price set at INR 4,86,000.00. This EMD is fully refundable to unsuccessful bidders post-auction. The entire bidding process is securely managed by BAANKNET, ensuring a transparent and reliable online environment. For comprehensive terms and conditions, property inspection arrangements, or any further clarifications, new buyers are strongly advised to contact Canara Bank's Regional Office, Bhopal, directly at Tel: 918172873155, well in advance of the auction date to ensure full preparedness.