3,738 sq feet House for Auction in Bhopal – IOB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

3,738 sq feet (≈ 3,738 sq ft)

Reserve price / sq ft

₹4,531

Locality

—

City

Bhopal

State

Madhya Pradesh

Pincode

462001

Address

Bhopal, Madhya Pradesh, 462001 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

Mr R**** U*****

Auction start

11 Nov 2026, 11:00 AM

Auction end

11 Nov 2026, 01:00 PM

EMD submission deadline

11 Nov 2026, 01:00 PM

Inspection

12 Oct 2026, 10:00 AM – 10 Nov 2026, 06:00 PM

Authorised officer

Priya Ranjan

Officer contact

8789592170

E-auction portal

BAANKNET (Property ID IOBA3728RIYAJ)

Price Check

This listing's reserve price works out to ₹4,531 per sq ft. The average across residential bank auctions in Bhopal on our site is ₹2,944 per sq ft, so this one is 54% 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 12 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA3728RIYAJ)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 11 Nov 2026, 01:00 PM. It is refunded if you don't win.
5. Bid online on 11 Nov 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.