Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609139
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹3,42,00,000
EMD:₹34,20,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This auction features a valuable Land and Building property located in Jharsuguda, Odisha. Situated in the Jharsuguda area, this asset is categorized as Residential. The property is being auctioned by Punjab National Bank.
State:Odisha
City:Jharsuguda
Area:Jharsuguda,
Asset Category:Residential
Full Address:3323, 3322/5998, Plot No. 3323, Plot No.: 3322/5998, Khata No.: 747/3071, Area: Ac. 0.509 Dec., Total Area: Ac. 0.540 Dec.. minus Ac. 0.0308 Dec, or 1342.39 Sq.ft, Balijori, Jharsuguda
Size:0.540 Dec
Auction Description
Punjab National Bank presents a SARFAESI auction for a Land and Building property in Jharsuguda, Odisha. The auction is scheduled to commence on November 26, 2025, at 11:00 AM and will conclude at 04:00 PM on the same day. The reserve price for this auction is ₹3,42,00,000, with an Earnest Money Deposit (EMD) of ₹34,20,000 required. This is an excellent opportunity to acquire a significant asset in Jharsuguda.
Borrower Name:Mr. Manjit Singh
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ashok Kumar Kakani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity due to its location in Jharsuguda and the potential for development. However, the reserve price is relatively high, suggesting a need for careful evaluation. The symbolic possession status also adds a layer of complexity to the investment.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
