1,100 sq feet Residential Plot for Auction in Bhopal – IOB

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

1,100 sq feet (≈ 1,100 sq ft)

Reserve price / sq ft

₹570

Locality

—

City

Bhopal

State

Madhya Pradesh

Pincode

462030

Address

Bhopal, Madhya Pradesh, 462030 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

BHOPAL - ARERA COLONY-3728

Auction type

SARFAESI Auction

Borrower

M/s K**** T*****

Auction start

15 Dec 2026, 11:00 AM

Auction end

15 Dec 2026, 01:00 PM

EMD submission deadline

15 Dec 2026, 01:00 PM

Inspection

12 Nov 2026, 10:00 AM – 14 Dec 2026, 05:00 PM

Authorised officer

Priya Ranjan

Officer contact

8789592170

E-auction portal

BAANKNET (Property ID IOBA3728KisanPlot)

Price Check

This listing's reserve price works out to ₹570 per sq ft. The average across residential bank auctions in Bhopal on our site is ₹2,944 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 12 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA3728KisanPlot)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 15 Dec 2026, 01:00 PM. It is refunded if you don't win.
5. Bid online on 15 Dec 2026 starting above the reserve price.
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.