Acharpura Industrial Area Property Auction: Others – Reserve ₹35 Lakh (7 Oct 2026)

Canara Bank has put a property up for sale through the Acharpura Industrial Area property auction, open to all registered bidders on BAANKNET. On offer is a others in Acharpura Industrial Area, Bhopal (PIN 462038). The online auction runs on 7 October 2026 (12:00 PM to 2:00 PM) with a reserve price of ₹35,00,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Acharpura Industrial Area Property Auction: Key Highlights

• Reserve price: ₹35,00,000 (₹35 Lakh)
• EMD: ₹3,50,000
• Bid increment: ₹10,000
• Auction: 7 October 2026, 12:00 PM to 2:00 PM
• Last date for EMD: 6 October 2026, 5:00 PM
• Location: Acharpura Industrial Area, Bhopal, Madhya Pradesh
• Possession: Symbolic

Acharpura Industrial Area Property Auction – Complete Details

Auction ID	361415
Bank property ID	CNRBMEENA
Bank	Canara Bank
Branch	Specialised Arm Branch, Bhopal
Property type	Other – Others
City / District	Acharpura Industrial Area, Bhopal
State	Madhya Pradesh
PIN code	462038
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹35,00,000
EMD	₹3,50,000
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Acharpura Industrial Area

Acharpura Industrial Area is in Bhopal district of Madhya Pradesh, under PIN code 462038. Madhya Pradesh offers affordable real estate in Indore, Bhopal, Jabalpur and Gwalior, with Indore in particular known for clean, well-planned growth. The handling branch is Specialised Arm Branch, Bhopal, which is usually the best contact for site visits and local queries.

Is the Acharpura Industrial Area Property Auction Worth It?

The EMD of ₹3,50,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Acharpura Industrial Area Property Auction

• EMD submission opens: 18 September 2026
• Last date for EMD: 6 October 2026, 5:00 PM
• E-auction: 7 October 2026, 12:00 PM to 2:00 PM
• Auto-extension: 5 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 361415 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8989014648.
4. Pay the EMD of ₹3,50,000 through the BAANKNET wallet before 6 October 2026, 5:00 PM.
5. Log in on 7 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Obtain the encumbrance certificate and verify the title.
• Check pending property tax, electricity and water dues.
• Confirm the possession status and whether the property is occupied.
• Verify the approved plan and the condition of the building.
• Read our auction property due diligence checklist before you bid.

Acharpura Industrial Area Property Auction: FAQs

More Canara Bank and Madhya Pradesh Auctions

• All Canara Bank auction listings
• More property auctions
• Bank auctions in Madhya Pradesh
• Guide: reserve price bidding strategy

Source: Auction ID 361415 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.