Land for auction 44 Chetak Complex, Huzur, Bhopal by Omkara Assets Reconstruct

Discover a compelling real estate opportunity in the heart of Bhopal with this residential hall available through a bank auction. Spanning a generous 1352.42 sq. ft., this third-floor unit is ideally situated within the well-known "Chetak Complex" at the Indian Oil Corporation Building, Zone II, Maharana Pratap Nagar (M.P. Nagar), Ward No.44, Tehsil Huzur. M.P. Nagar is renowned as a prime commercial and residential hub in Bhopal, offering excellent connectivity and proximity to essential services, educational institutions, and commercial establishments. Its strategic location, bounded by roads on three sides and adjacent to the IOC Building, ensures easy accessibility and visibility. This spacious residential property holds significant potential for either immediate occupancy, subject to internal modifications, or as a strategic long-term investment in a rapidly developing urban landscape, promising strong appreciation due to its central location and robust build.

This significant bank auction presents a streamlined opportunity for new property buyers to acquire assets through the SARFAESI Act, a transparent and legally robust process for distressed asset recovery. Managed by Omkara Assets Reconstruction Pvt Ltd, a reputable financial entity, the auction for this residential hall is scheduled for July 23, 2025, from 12:00 PM to 02:00 PM. Prospective bidders must submit their applications by July 21, 2025, 06:00 PM. The property carries a competitive reserve price of INR 8,550,000.00, with an Earnest Money Deposit (EMD) of INR 855,000.00 required to participate. For any inquiries or to schedule a visit, interested parties are strongly encouraged to contact the Authorised Officer directly via mobile at +91 8657969231 or +91 8655668565. This auction is facilitated by bankeauctions.com / C1 India, ensuring a professional and efficient bidding experience.