0.3 sq ft Commercial Building for Auction in Maihar – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

0.3 sq ft (≈ 0 sq ft)

Reserve price / sq ft

₹12,50,83,333

Locality

—

City

Maihar

State

Madhya Pradesh

Pincode

485771

Address

Maihar, Madhya Pradesh, 485771 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ASSET RECOVERY MANAGEMENT BRANCH, JABALPUR

Auction type

SARFAESI Auction

Borrower

HOTEL M***** I**

Auction start

23 Oct 2026, 12:00 PM

Auction end

23 Oct 2026, 02:00 PM

EMD submission deadline

22 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

ARM JABALPUR

Officer contact

6232018014

E-auction portal

BAANKNET (Property ID CNRBMAIHARINN)

Price Check

This listing's reserve price works out to ₹12,50,83,333 per sq ft. The average across commercial bank auctions in Maihar on our site is ₹1,417 per sq ft, so this one is 8827235% 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 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 CNRBMAIHARINN)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 22 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 23 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.