This listing's reserve price works out to ₹238 per sq ft. The average across commercial bank auctions in Bhopal on our site is ₹6,289 per sq ft, so this one is 96% 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
Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
Inspect the property on 6 Nov 2026 and check the title, society/municipal dues and occupancy.
Register on the e-auction portal (BAANKNET (Property ID IOBA001573SPACE)), complete KYC and get a digital signature certificate if required.
Pay the EMD of — before 25 Nov 2026, 05:01 PM. It is refunded if you don't win.
Bid online on 26 Nov 2026 starting above the reserve price.
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.
Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Indian Overseas Bank. Always verify every detail with the official notice and the authorised officer before paying any money.
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