6,000 sq meter Industrial Plot for Auction in Meghnagar, Jhabua – Canara

Property Details

Property type

Industrial Plot (Industrial)

Possession

Symbolic Possession

Area

6,000 sq meter (≈ 64,583 sq ft)

Reserve price / sq ft

₹214

Locality

Meghnagar

City

Jhabua

State

Madhya Pradesh

Pincode

457779

Address

MEGHNAGAR, Madhya Pradesh, 457779 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALISED ARM BRANCH, BHOPAL

Auction type

SARFAESI Auction

Borrower

OWAIS M**** A** M***** P***** L**

Auction start

03 Dec 2026, 12:00 PM

Auction end

03 Dec 2026, 02:00 PM

EMD submission deadline

02 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

AUTHORISED OFFICER

Officer contact

8989014648

E-auction portal

BAANKNET (Property ID CNRBOWAIS2)

Price Check

This listing's reserve price works out to ₹214 per sq ft. The average across industrial bank auctions in Jhabua on our site is ₹238 per sq ft, so this one is 10% 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 (BAANKNET (Property ID CNRBOWAIS2)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 02 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 3 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.