Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609920
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹34,44,000
EMD:₹3,44,400
Bid Increment:₹50,000
Auction Time:11:00 AM to 5:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This is a bank auction for a residential land and building located in Cuttack, Odisha. The property is being auctioned by the Bank of India under the SARFAESI Act. The borrower is Mr. Prakash Chandra Pradhan. This is a great opportunity to acquire property in Cuttack.
State:Odisha
City:Cuttack
Area:Cuttack
Asset Category:Residential
Full Address:Baghamara, RO: Pahanga, Niali, Cuttack-754004, Baghamara, Cuttack
Size:6534 sqft
Auction Description
The Bank of India is conducting an online SARFAESI auction for a land and building property in Cuttack, Odisha. The auction will commence on November 25, 2025, at 11:00 AM and conclude on the same day at 4:00 PM. The reserve price for this auction is ₹34,44,000, with an Earnest Money Deposit (EMD) of ₹3,44,400 required to participate. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:Mr. Prakash Chandra Pradhan
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a good opportunity due to its residential nature and location in Cuttack. The reserve price appears reasonable, but prospective buyers should conduct thorough due diligence regarding the property's condition and encumbrances. The terms of the auction are standard, making it a calculated investment.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:9937640878
