Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:603959
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹80,00,000
EMD:₹8,00,000
Bid Increment:₹50,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
A valuable parcel of land with an existing building, located in the Salepur area of Cuttack, Odisha. This residential asset offers a prime opportunity for investment or development. The property is being auctioned by the State Bank of India. Seize this chance to acquire a significant real estate holding in a developing region.
State:Odisha
City:Cuttack
Area:Salepur
Asset Category:Residential
Full Address:938/1097, Immam Nagar (Opposite of HP Petrol Pump), PO: Bhairpur, PS: Jagatpur, Immam Nagar, Cuttack
Size:0.160 Ac. Dec.
Auction Description
State Bank of India presents a SARFAESI auction for land and building in Salepur, Cuttack. The auction will commence on November 25, 2025, at 02:00 PM and conclude at 04:00 PM on the same day. The reserve price is set at ₹80,00,000, with an Earnest Money Deposit (EMD) of ₹8,00,000 required to participate. This is a unique opportunity to bid on a property formerly associated with M/s Nilachal Engineering Works.
Borrower Name:M/s Nilachal Engineering Works
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Tinku Roy, Teresa Roy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a Land and Building in Salepur, Cuttack, with a reserve price of ₹8000000.0. The location has moderate potential. Given the symbolic possession status, further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Dillip Kumar Biswal
Contact no:8800901005
