Property for Auction in Puri Town, Puri, Odisha
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609162
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹90,57,000
EMD:₹9,05,700
Bid Increment:₹50,000
Auction Time:11:00 AM to 4.00 PM
Service Provider:BAANKNET
Submission Date:2025-12-04
Bid Start Date:2025-12-05
This is a unique opportunity to acquire a valuable Land and Building property situated in the heart of Puri Town, Puri, Odisha. As a residential asset, it holds significant potential for various uses. The property is being auctioned by Punjab National Bank under the SARFAESI Act. Its location in the prominent Puri Town area offers excellent connectivity and accessibility. Don't miss this chance to invest in a property in a sought-after locale.
State:Odisha
City:Puri
Area:Puri Town
Asset Category:Residential
Full Address:151, Plot No.: 151, Khata No.: 687, Basuli Sahi, Puri
Size:2874.70 Sq.Ft.
Punjab National Bank presents a SARFAESI auction for a Land and Building property in Puri Town, Puri, Odisha. The auction will take place on December 5, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price for this residential asset is INR 90,57,000, with an Earnest Money Deposit (EMD) of INR 9,05,700 required to participate. This is a prime opportunity to acquire property through a transparent auction process. Bidders are encouraged to review all auction terms and conditions prior to participating.
Borrower Name:M/s. Sahoo Electricals & General Store
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Santosh Kumar Sahoo
Possession Status:Symbolic
Encumbrance Details:NOT KNOWN
This property presents a reasonable opportunity due to its location in Puri and its land & building type. The reserve price seems appropriate for the area, but potential buyers should thoroughly investigate the property's condition and legal standing. The symbolic possession status adds a layer of complexity that needs careful consideration before bidding.
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —