Land for auction 8 East-Road of Nagar, Gohargan, Raisen by Canara Bank

Discover an exceptional residential opportunity with this spacious three-storied building, encompassing a substantial 1500 sq.ft. of land and constructed area, available through Canara Bank's SARFAESI auction. Strategically located at Ward No. 8, Khasra No. 346/1/2, within the thriving Mandideep area of Tehsil Goharganj, Raisen District, Madhya Pradesh, this property presents significant potential for new homeowners or astute investors seeking a solid asset. Its prime location is highly advantageous, offering excellent accessibility via a Nagar Palika Road to the East. The surrounding boundaries, including a local Mandir to the West, open land to the North, and established residential neighbours to the South, underscore its integration into a well-developed and accessible community. This robust structure provides an ideal foundation for a comfortable family residence, offering ample space and a promising outlook in a growing locale, making it a compelling consideration for aspiring property owners.

This residential land and building is being offered via a SARFAESI auction, a regulated process conducted by Canara Bank, ensuring transparency and legal soundness for new buyers. The property is available at a competitive Reserve Price of Rs. 39,40,000.00, representing the minimum acceptable bid. Prospective bidders must submit an Earnest Money Deposit (EMD) of Rs. 3,94,000.00, which is typically refundable to non-successful participants. Mark your calendars for the e-auction on July 23, 2025, with bidding commencing at 12:00 PM and concluding sharply at 01:00 PM. Crucially, all applications and required documentation must be submitted by 11:30 AM on the same auction day. For detailed inquiries, procedural guidance, or to complete registration, prospective buyers are advised to contact the Canara Bank Regional Office in Bhopal, facilitated by the service provider BAANKNET, or directly via telephone at 8989989121. Thorough due diligence, including a physical property inspection, is highly recommended prior to participation.