Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612269
Bank Name:Indian Bank
Branch Name:Jamshedpur Main Branch
Reserve Price:₹22,69,000
EMD:₹2,27,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
A residential flat located in Jamshedpur, East Singhbhum, Jharkhand, is available for auction. This property is being auctioned by Indian Bank under the SARFAESI Act. It represents an opportunity to acquire a flat in a well-known area. Detailed property specifications and location particulars will be provided to interested bidders.
State:Jharkhand
City:East Singhbhum
Area:Jamshedpur
Asset Category:Residential
Full Address:206, Hill View Garden, Flat No. 206, Upper Ground Floor, B-Block, Hill View Garden, Dimna Chowk, Mango, Mango, Jamshedpur
Building/Society:Hill View Garden
Size:942 Sq.ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Jamshedpur, East Singhbhum, Jharkhand. The auction will take place on November 19, 2025, commencing at 10:00 AM and concluding at 04:00 PM. The reserve price is set at INR 22,69,000, with an Earnest Money Deposit (EMD) of INR 2,27,000 required to participate. This is a formal auction process initiated due to M/s SSB Enterprises' loan default.
Borrower Name:M/s SSB Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sheo Niwas Singh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Jamshedpur, offered at a reasonable reserve price. While the location in Mango is not prime, it still presents a decent investment opportunity given the size and type of property. The terms of the auction are standard, making it a calculated risk for potential buyers.
Contact Details
Branch:Branch Office : Jamshedpur Main Branch
Service Provider:BAANKNET
Contact Details:
Mr. Prabhat Kumar
Contact no:7380570241
