Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612333
Bank Name:Bank of India
Branch Name:Asset Recovery Department
Reserve Price:₹27,70,000
EMD:₹2,77,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. to 05.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential flat located in Jamshedpur, East Singhbhum, Jharkhand. The property is being auctioned by the Bank of India under the SARFAESI Act. Ideal for individuals or families seeking a home in a well-established area.
State:Jharkhand
City:East Singhbhum
Area:Jamshedpur
Asset Category:Residential
Full Address:407, MOTI MAHAL, Flat No. 407 on Fourth Floor in "MOTI MAHAL" situated at New Purulia Road, Mango, Jamshedpur, Dist.-East Singhbhum, Pin Code-831012, Mango, Jamshedpur
Building/Society:MOTI MAHAL
Size:825 Sq.ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Jamshedpur, East Singhbhum, Jharkhand. The auction will take place on November 25, 2025, from 10:00 AM to 5:00 PM. The reserve price for this auction is ₹27,70,000, with an Earnest Money Deposit (EMD) of ₹2,77,000 required to participate. This is a prime opportunity to acquire a property in a desirable location.
Borrower Name:Shri Syed Firdus
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This Jamshedpur flat presents a calculated opportunity, given its location and price point. The reserve price aligns with market values, making it potentially attractive to investors. However, prospective buyers should carefully assess the property's condition and local market dynamics before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Department
Service Provider:BAANKNET
Contact Details:
Mr. Bimal Prasad Singh / Mr. Rajat Kumar Singh
Contact no:8451805554/8340206730
