Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612747
Bank Name:Repco Home Finance Limited
Branch Name:Corporate Office - Chennai
Reserve Price:₹59,31,000
EMD:₹5,93,100
Bid Increment:₹50,000
Auction Time:11.00 a.m - 12.00 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-12
Property Description
This SARFAESI auction presents a valuable opportunity to acquire a Residential Land and Building in Tangi, Cuttack, Odisha. The property, formerly associated with borrower Mr. Krushna Narayan Kamila, is being auctioned by Repco Home Finance Limited. This is a prime location within Cuttack, offering potential for residential development or investment.
State:Odisha
City:Cuttack
Area:Tangi
Asset Category:Residential
Full Address:809/3070/3981, Cuttack District, Tangi Chodwar Tahasil, Kapaleswar Mouza, Khata No. 859/1224, Plot No. 809/3070/3981, Kapaleswar Mouza, Cuttack
Size:0.060 Decimal
Auction Description
Repco Home Finance Limited is conducting a SARFAESI auction for a Residential Land and Building located in Tangi, Cuttack, Odisha. The auction will take place on December 12, 2025, commencing at 11:00 AM and concluding at 12:00 PM. The reserve price for this asset is INR 59,31,000, with an Earnest Money Deposit (EMD) of INR 5,93,100 required to participate. Interested bidders should review all auction terms and conditions provided by Repco Home Finance Limited.
Borrower Name:Mr.Krushna Narayan Kamila
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Rabindra Kumar Das
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable investment opportunity given its location in Tangi, Cuttack, and the presence of existing building. The reserve price seems appropriate. However, potential investors should carefully assess local market conditions and conduct a thorough property inspection before bidding.
Contact Details
Branch:Branch Office : Corporate Office - Chennai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Contact no:7418281709
