Land and Building for Auction Gadelnaidupalem Ganjam 62.1 Lakh by Union Bank of India 14 Jul 2026
Gadelnaidupalem, Ganjam
Area: 0.248 Acre-Decimal
Khata No. 182/4134, Plot No. 275, Gadelnaidupalem, Chatrapur, Ganjam, Odisha - 761020
Union Bank of India · Asset Recovery Branch
Reserve price
₹62,10,000
EMD ₹6,21,000
Auction date
14 Jul 2026, 12:00 PM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 0.248 Acre-Decimal
- ▸Locality: Gadelnaidupalem
- ▸Reserve: ₹62,10,000
- ▸EMD: ₹6,21,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Gadelnaidupalem |
| Built-up / plot area | 0.248 Acre-Decimal |
| Lender | Union Bank of India |
| Branch | Asset Recovery Branch |
| Unit / flat no. | Plot No. 275 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹62,100 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Gadelnaidupalem, Ganjam by Union Bank of India — reserve price ₹62,10,000, 0.248 Acre-Decimal, Symbolic possession.
Discover a bank auction property for sale: a residential land and building (house) located at Plot No. 275, Khata No. 182/4134, Gadelnaidupalem, Chatrapur, Ganjam, Odisha - 761020. This property, offered by Union Bank of India, spans 0.248 Acre-Decimal and comes with a reserve price of ₹62.10 Lakhs. The e-auction is scheduled for July 14, 2026, from 12:00 PM to 05:00 PM, with property inspection available on July 13, 2026. Interested bidders must submit the EMD of ₹6.21 Lakhs before the auction concludes. Note that the possession status is symbolic, making it a key consideration for potential investors seeking a residential house in Chatrapur. An excellent opportunity for those looking for bank auction properties in Odisha.
GeoSquare note: This residential land and building in Chatrapur offers a decent price point for a house and land in Odisha. However, the 'Symbolic Possession' status is a significant concern, indicating that the buyer may need to undertake legal proceedings to gain physical possession, which adds risk and potential cost. While the location in Ganjam district holds local value, the possession status makes it a 'Risky Choice' for those seeking a straightforward acquisition, hence the moderate score.
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