A method of providing automatic real-time notifications to at least one user by an electronic locking system includes detecting whether the user is leaving a storage space secured by the electronic lock. The method further includes determining whether a latch of the electronic lock is open upon detecting the user is leaving the storage space. The method includes monitoring a change in location of a device of the user with respect to the electronic lock and displaying a first alert notification on the device if the location of the device is at a threshold level of a communication range and the latch status is open. Subsequently, the method includes determining whether the location of the device is outside of a geofence range in presence or absence of any user response to the first alert notification and displaying a second alert notification if the latch status is still open.