Property for Auction in Ichhawar, Sehore, Madhya Pradesh
Auction ID:538725
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹51,45,000
EMD:₹5,14,500
Service Provider:BAANKNET
Submission Date:30-07-2025 05:00 PM
Bid Start Date:31-07-2025 12:00 PM
The auction, conducted by Canara Bank, is scheduled to commence on July 31, 2025, with bidding open from 12:00 PM to 02:00 PM. Prospective buyers are required to submit their applications by 05:00 PM on July 30, 2025. The reserve price for this valuable asset has been set at ₹51,45,000, with an Earnest Money Deposit (EMD) of ₹5,14,500. This is a SARFAESI Auction, a process governed by specific legal frameworks designed for the recovery of financial assets. For any inquiries or further details regarding the auction process or the property itself, interested parties can reach out to the provided contact number: 8989014648. It is crucial for all potential bidders to thoroughly review the auction terms and conditions, conduct all necessary due diligence on the property, and ensure they meet all eligibility criteria before participating in this significant investment opportunity facilitated by Canara Bank.
State:Madhya Pradesh
City:Sehore
Area:Ichhawar
Asset Category:Residential
This SARFAESI auction presents a prime opportunity to acquire a substantial plot of land, measuring an impressive 44,439 square feet, situated in Ichhawar, Sehore, within the state of Madhya Pradesh. Located in Ward No. 5, Khurpipura, the property is part of Khasra No. 892/895 and falls under Patwari Halka No. 17. Its strategic positioning is further enhanced by its boundaries: to the north and east lies property belonging to Khaleel Ahmad, to the south is Sarkari Bag (government land), and to the west, it benefits from access via a CC Road, indicating potential for excellent connectivity. This residential plot offers significant development potential, whether for individual housing projects or commercial ventures, making it an attractive proposition for discerning investors seeking to capitalize on the burgeoning real estate market in the Sehore region. The property's considerable size and accessible location make it a valuable asset for future growth.
Borrower Name:M/s Kisan Traders
Auction Type:SARFAESI Auction
Tel No : 8989014648