Plot for Auction Sheetal Town Phase 1 Mandideep Raisen 14 Lakh by Indian Overseas Bank 23 Jul 2026
Sheetal Town Phase-1, Mandideep, Raisen
Area: 480 sq. feet
Residential Plot No. 108, Sheetal Town Phase-1, village Mandideep, Ward No.24 (Old Ward No. 17), Tehsil - Goharganj, District - Raisen
Indian Overseas Bank · Bhopal
Reserve price
₹13,96,500
EMD ₹1,39,650
Auction date
23 Jul 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Constructive
- ▸Area: 480 sq. feet
- ▸Locality: Sheetal Town Phase-1, Mandideep
- ▸Reserve: ₹13,96,500
- ▸EMD: ₹1,39,650
Auction snapshot
| Possession | Constructive |
| Property type | Plot · Residential |
| Locality | Sheetal Town Phase-1, Mandideep |
| Built-up / plot area | 480 sq. feet |
| Lender | Indian Overseas Bank |
| Branch | Bhopal |
| Unit / flat no. | Plot No. 108 |
| Building / society | Sheetal Town Phase-1 |
| Floor | Ground floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Plot bank auction in Sheetal Town Phase-1, Mandideep, Raisen by Indian Overseas Bank — reserve price ₹13,96,500, 480 sq. feet, Constructive possession.
Discover a promising bank auction property: a residential plot with a permanent RCC-roofed house located at Plot No. 108, Sheetal Town Phase-1, Mandideep, Tehsil Goharganj, District Raisen, Madhya Pradesh. This property, offered by Indian Overseas Bank, spans approximately 480 sq. ft. (44.60 sq. meters) with a 30.10 sq. mt. ground floor house. Ideal for end-users or investors, this residential property for sale is situated in a developing locality. The e-auction is scheduled for 23.07.2026, with an attractive reserve price of ₹13,96,500 and an EMD of ₹1,39,650.
GeoSquare note: This residential plot with a permanent RCC house offers a strong investment opportunity in Mandideep, Raisen, a developing area. The property has a reasonable reserve price of ₹13.96 lakhs for its size and existing construction, making it attractive for end-users or investors. While the possession status is constructive, the overall value proposition and location make it a good option in the current market.
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