Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610442
Bank Name:Indian Bank
Branch Name:Area colony Branch : Bhopal
Reserve Price:₹65,00,000
EMD:₹6,50,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 2:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a prime plot of land located in the Huzur area of Bhopal, Madhya Pradesh. Situated in a well-connected region, this asset offers excellent potential for residential development. The property is being auctioned by Indian Bank under the SARFAESI Act.
State:Madhya Pradesh
City:Bhopal
Area:Huzur
Asset Category:Residential
Full Address:Kh No. 312 Gram Nayapura, RNM-04, Vikas Khand Fanda, Tehsil Huzur, Distt. Bhopal, Nayapura, Bhopal
Size:1000 sq.mtr
Auction Description
Indian Bank is conducting a SARFAESI auction for a valuable plot of land in Huzur, Bhopal, Madhya Pradesh. The auction will take place on November 19, 2025, starting at 11:00 AM and concluding at 02:30 PM. The reserve price for this residential land is ₹65,00,000, with an Earnest Money Deposit (EMD) of ₹6,50,000. This is a significant opportunity for investors and developers to acquire a property in a growing urban area.
Borrower Name:M/s S.S. Point
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Pratyush Indurakhya S/o Late Laxman Prasad Indurakhya
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment opportunity due to its size and location in Huzur, Bhopal. However, the 'Calculated Opportunity' reflects the need for due diligence regarding local development regulations and market conditions. The reserve price and EMD need to be carefully evaluated against the potential returns.
Contact Details
Branch:Branch Office : Area colony Branch : Bhopal
Service Provider:BAANKNET
Contact Details:
Mr. Ankur Singh
Contact no:7415887874
