Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609282
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹75,75,000
EMD:₹7,57,500
Bid Increment:₹50,000
Auction Time:11:00 A.M to 5.00 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-09
Property Description
This is a valuable SARFAESI auction opportunity for a Land and Building asset located in Jagatpur, Cuttack, Odisha. The property, formerly associated with Mr. Sanjib Nayak, falls under the residential category. This auction presents a chance to acquire a property in a well-known area.
State:Odisha
City:Cuttack
Area:Jagatpur
Asset Category:Residential
Full Address:Mouza: Nimpur, PS: Tangi (No. 71), Tahasil: Tangi Choudwar (No. 167), SRO: Jagatpur, Dist.: Cuttack, Odisha, Jagatpur, Cuttack
Size:0.090 dec.
Auction Description
The Bank of India is conducting a SARFAESI auction for a Land and Building property in Jagatpur, Cuttack. The auction will take place on 09-12-2025, starting at 11:00 AM and concluding at 05:00 PM on the same day. The reserve price is set at 75,75,000.00, with an Earnest Money Deposit (EMD) of 7,57,500.00 required to participate. Interested bidders should review all auction terms and conditions.
Borrower Name:Mr. Sanjib Nayak
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rajeeb Nayak
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential land and building located in Jagatpur, Cuttack, presenting a moderate investment opportunity. With a reserve price of ₹7575000 and a land area of 0.090 dec, it could be suitable for development. However, potential investors should carefully consider the location and auction terms.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
