1,500 sq ft House for Auction in Bhopal – Shriram Asset Reconstruction Private Limited

Property Details

Property type

House (Residential)

Possession

Not specified

Area

1,500 sq ft

Reserve price / sq ft

₹553

Locality

—

City

Bhopal

State

Madhya Pradesh

Address

All that piece and parcel of land bearing Plot/ House Property No.44, total admeasuring area of 1500 Sq.ft. (139.40 Sq.mtrs.), together with construction thereon, situated at Gram Mundlaparwal, P.H. No.17 (Old) & 11 (New), Tehsil Mahidpur & District Ujjain (M.P.). Bounded by: East by: House of Meharban, West by: Self Plot, North by: Road and South by: House of Kalu. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Shriram Asset Reconstruction Private Limited

Branch

Burkit Road, T. Nagar

Auction type

SARFAESI Auction

Borrower

Mr P*****

Auction start

20 Nov 2026, 11:00 AM

Auction end

20 Nov 2026, 02:00 PM

EMD submission deadline

19 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2456092

Price Check

This listing's reserve price works out to ₹553 per sq ft. The average across residential bank auctions in Bhopal on our site is ₹2,949 per sq ft, so this one is 81% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (4Closure · Listing 2456092), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹83,000 before 19 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 2026 starting above the reserve price, in multiples of ₹40,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.