Plot for auction 148 New Anand Nagar, Aadhartal, Jabalpur by Canara Bank

Discover a promising investment in Jabalpur's Aadhartal area with this residential plot, identified as Plot No. 148. Measuring 450 square feet, this parcel of land is situated in New Anand Nagar, a locality within the Tehsil and District of Jabalpur in Madhya Pradesh. The property's appeal is enhanced by its clear demarcation: bordered to the North by Plot No. 147, to the South by Plot No. 149, with access via a road to the East, and adjacent to Plot No. 161 on the West. This positioning suggests potential for good connectivity and development. As a residential plot, it offers flexibility for future construction, whether for personal use or as an investment in a growing urban landscape. Jabalpur, being a significant city in Madhya Pradesh, provides a robust economic backdrop and infrastructure that can support property value growth. For prospective buyers, understanding the asset category as 'Residential' is key to assessing its potential and planning any development or investment strategy. The location in Aadhartal, specifically within the New Anand Nagar vicinity, is an area that may offer developing amenities and accessibility to essential services, making it an attractive proposition for those looking to build or invest in the region's real estate market.

This SARFAESI auction presents a unique opportunity to acquire Plot No. 148, a residential plot spanning 450 sq.ft, located in the developing area of New Anand Nagar, Adhartal, Jabalpur, Madhya Pradesh. The property is situated in a region with growing infrastructure and potential for appreciation. The plot is strategically positioned with distinct boundaries: North by Plot No. 147, South by Plot No. 149, East by a Road, and West by Plot No. 161, offering convenient access and visibility. This auction is being conducted by Canara Bank, with the bidding process facilitated through BAANKNET. For those new to property auctions, it's crucial to understand that this is a sale under the SARFAESI Act, indicating the property is being auctioned due to loan default. Thorough due diligence, including site visits and legal verification, is strongly advised before participating. The auction is scheduled to commence on July 31, 2025, from 12:00 PM to 2:00 PM. Prospective bidders must submit their applications by July 30, 2025, 05:00 PM. The reserve price is set at ₹25,20,000, with an Earnest Money Deposit (EMD) of ₹2,52,000 required to participate. For further inquiries or to obtain more details, interested parties can contact the provided numbers.