1,000 sq feet House for Auction in Market Area, Gamiria Sagar, Sagar – BOI

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

1,000 sq feet (≈ 1,000 sq ft)

Reserve price / sq ft

₹2,847

Locality

Market Area, Gamiria Sagar

City

Sagar

State

Madhya Pradesh

Pincode

470004

Address

Market Area, Gamiria Sagar, Madhya Pradesh, 470004 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

MAKRONIA BUZURG-9428

Auction type

SARFAESI Auction

Borrower

BHOLI D*** T*****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 05:00 PM

EMD submission deadline

09 Oct 2026, 04:59 PM

Inspection

08 Oct 2026, 11:00 AM – 08 Oct 2026, 05:00 PM

Authorised officer

Ravikant Shukla

Officer contact

7985276357

E-auction portal

BAANKNET (Property ID BKID000942801)

Price Check

This listing's reserve price works out to ₹2,847 per sq ft. The average across residential bank auctions in Sagar on our site is ₹1,901 per sq ft, so this one is 50% above 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 8 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKID000942801)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Oct 2026, 04:59 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 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.