Seoni Godown Auction: Godowns (0.74 sq ft) – Reserve ₹2.36 Cr (16 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Seoni godown auction, offered by Canara Bank at a reserve of ₹2.36 Cr. On offer is a godowns in Seoni (PIN 480661), with 0.74 sq ft carpet area. The online auction runs on 16 October 2026 (12:00 PM to 2:00 PM) with a reserve price of ₹2,36,17,000.

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.

Seoni Godown Auction: Key Highlights

• Reserve price: ₹2,36,17,000 (₹2.36 Cr)
• EMD: ₹23,61,700
• Bid increment: ₹10,000
• Auction: 16 October 2026, 12:00 PM to 2:00 PM
• Last date for EMD: 15 October 2026, 5:00 PM
• Location: Seoni, Madhya Pradesh
• Possession: Symbolic

Seoni Godown Auction – Complete Details

Auction ID	352575
Bank property ID	CNRBGOVINDAM
Bank	Canara Bank
Branch	Specialized Asset Recovery Management Branch, Jabalpur
Property type	Commercial – Godowns
Carpet area	0.74 sq ft
City / District	Seoni
State	Madhya Pradesh
PIN code	480661
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹2,36,17,000
EMD	₹23,61,700
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Seoni

The property is located in Seoni, Madhya Pradesh (PIN 480661). 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 Specialized Asset Recovery Management Branch, Jabalpur, which is usually the best contact for site visits and local queries.

Is the Seoni Godown Auction Worth It?

At the reserve price, the property works out to about ₹3,19,14,865 per sq ft of carpet area – compare this with recent resale rates in Seoni before you bid. The EMD of ₹23,61,700 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Seoni Godown Auction

• EMD submission opens: 3 September 2026
• Last date for EMD: 15 October 2026, 5:00 PM
• E-auction: 16 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 352575 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 6232018014.
4. Pay the EMD of ₹23,61,700 through the BAANKNET wallet before 15 October 2026, 5:00 PM.
5. Log in on 16 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

• Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
• Inspect machinery, if included, and confirm the inventory.
• Verify pollution, fire and factory licence requirements.
• Check pending electricity, water and statutory dues.
• Read our buying bank auction houses and villas before you bid.

Seoni Godown Auction: FAQs

More Canara Bank and Madhya Pradesh Auctions

• All Canara Bank auction listings
• More godown auctions
• Bank auctions in Madhya Pradesh
• Guide: symbolic vs physical possession explained

Source: Auction ID 352575 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.