Commercial Property for Auction Patharapalli Ganjam 1.6 Crore by Union Bank of India 12 Jun 2026
Patharapalli, Ganjam
Area: 0.240 Ac.
Plot No. 208/1388 under Khata No. 134/20, At/ Mouza: Patharapalli, Main Road, PO- Athagadapatna, Baunsia GP, PS/ Tahasil: Kabisuyanagar
Union Bank of India · ASSET RECOVERY BRANCH, CUTTACK
Reserve price
₹1,57,10,000
EMD ₹15,71,000
Auction date
12 Jun 2026, 12:00 PM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 0.240 Ac.
- ▸Locality: Patharapalli
- ▸Reserve: ₹1,57,10,000
- ▸EMD: ₹15,71,000
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Property · Commercial |
| Locality | Patharapalli |
| Built-up / plot area | 0.240 Ac. |
| Lender | Union Bank of India |
| Branch | ASSET RECOVERY BRANCH, CUTTACK |
| Unit / flat no. | 208/1388 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,57,100 |
| Service provider | BAANKNET |
About this property
Commercial Property bank auction in Patharapalli, Ganjam by Union Bank of India — reserve price ₹1,57,10,000, 0.240 Ac., Symbolic possession.
Bank auction property: A commercial factory with residential land and building is up for sale in Kabisuryanagar, Ganjam. The property, belonging to M/s Jaya Maa Gouri Cashew Industry, is situated over Plot No. 208/1388 and spans Ac.0.240. The reserve price is ₹15710000.0, with an EMD of ₹1571000.0. The e-auction is scheduled for 12.06.2026. This is a prime opportunity to acquire a commercial shop for sale in a developing industrial area. Contact Union Bank of India for more details.
GeoSquare note: This property represents a commercial factory with attached residential land in the Kabisuryanagar area. The reserve price is reasonable, but the symbolic possession status affects the immediacy of returns. It's a fair option for investors looking for long-term gains in an industrial setting, contingent on further due diligence and local market knowledge.
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