Bhicholi Hapsi Property Auction: Others – Reserve ₹3.94 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364755
Property Description
Bank of India has put a property up for sale through the Bhicholi Hapsi property auction, open to all registered bidders on BAANKNET. On offer is a others in Bhicholi Hapsi, Indore (PIN 452016). The online auction runs on 9 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹3,94,000.
The property is being sold under Others 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.
Table of Contents
Table of Contents
Bhicholi Hapsi Property Auction: Key Highlights
- Reserve price: ₹3,94,000 (₹3.94 Lakh)
- EMD: ₹39,400
- Bid increment: ₹5,000
- Auction: 9 October 2026, 11:00 AM to 5:00 PM
- Last date for EMD: 9 October 2026, 4:59 PM
- Location: Bhicholi Hapsi, Indore, Madhya Pradesh
- Possession: Other
Bhicholi Hapsi Property Auction – Complete Details
| Auction ID | 364755 |
| Bank property ID | BKID000000263 |
| Bank | Bank of India |
| Branch | Rao (M.p.) |
| Property type | Other – Others |
| Locality | Indore |
| City / District | Bhicholi Hapsi, Indore |
| State | Madhya Pradesh |
| PIN code | 452016 |
| Type of possession | Other |
| Type of action | Others |
| Reserve price | ₹3,94,000 |
| EMD | ₹39,400 |
| Bid increment | ₹5,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Bhicholi Hapsi
This listing falls in Bhicholi Hapsi, Indore, Madhya Pradesh, postal code 452016. 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 Rao (M.p.), which is usually the best contact for site visits and local queries.
Is the Bhicholi Hapsi Property Auction Worth It?
The EMD of ₹39,400 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value.
Important Dates for the Bhicholi Hapsi Property Auction
- Inspection window: 5 October 2026, 11:00 AM to 5 October 2026, 5:00 PM
- EMD submission opens: 25 September 2026
- Last date for EMD: 9 October 2026, 4:59 PM
- E-auction: 9 October 2026, 11:00 AM to 5:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 364755 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9981109042.
- Pay the EMD of ₹39,400 through the BAANKNET wallet before 9 October 2026, 4:59 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹5,000; each late bid extends the auction by 10 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.
Bhicholi Hapsi Property Auction: FAQs
What is the reserve price in the Bhicholi Hapsi property auction?
The reserve price is ₹3,94,000. Bids below the reserve price are not accepted.
When is the Bhicholi Hapsi property auction scheduled?
The e-auction is on 9 October 2026 from 11:00 AM to 5:00 PM. The last date for EMD is 9 October 2026, 4:59 PM.
How much EMD is required?
The earnest money deposit is ₹39,400. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Bhicholi Hapsi, Indore, Madhya Pradesh – 452016.
Where can I see the official sale notice?
Search Auction ID 364755 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More BOI and Madhya Pradesh Auctions
- All Bank of India auction listings
- More property auctions
- Bank auctions in Madhya Pradesh
- Guide: reserve price bidding strategy
Source: Auction ID 364755 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of India before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Miscellaneous |
|---|---|
| Location | Bhicholi Hapsi, Indore, Indore, Madhya Pradesh |
| Possession | Other |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 25 Sep 2026Auction Notice Published
- 5 Oct 2026Inspection Starts
- 5 Oct 2026Inspection Ends
- 9 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:00 AM to 5:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.