Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610921
Bank Name:Punjab National Bank
Branch Name:ARMB, KHARAGPUR
Reserve Price:₹32,20,000
EMD:₹3,22,000
Bid Increment:₹25,000
Auction Time:11.30 A.M. To 3.30 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This auction features a residential land and building in Bhagabanpur, Khurda, Odisha. The property is being auctioned by Punjab National Bank under SARFAESI provisions. The borrower associated with this asset is M/s. Bimla Tiles. This is a prime opportunity to acquire real estate in a developing area.
State:Odisha
City:Khurda
Area:Bhagabanpur
Asset Category:Residential
Full Address:Holding Premises No./Plot No. 1528(RS) 1528/1715(LR) Khatan No. 1541, JL No. 153, Mouza-Tethibari, P.S. Bhagabanpur, Bhagabanpur, Khurda
Size:2.00 Decimal
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Bhagabanpur, Khurda, Odisha. The auction will take place on December 5, 2025, starting at 11:30 AM and concluding at 03:30 PM. The reserve price is set at 3,220,000.0, with an Earnest Money Deposit (EMD) of 322,000.0 required to participate. Interested bidders should prepare for this significant auction event.
Borrower Name:M/s. Bimla Tiles,
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land and building offer potential value, especially with the growing development in Khurda. The reserve price is reasonable, but prospective investors should conduct thorough due diligence regarding location, title, and potential encumbrances to make an informed decision. The symbolic possession status suggests a need for careful evaluation.
Contact Details
Branch:Branch Office : ARMB, KHARAGPUR
Service Provider:Public Auction
Contact Details:
Contact no: —
