Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614209
Bank Name:State Bank of India
Branch Name:Stressed Assets Recovery Branch
Reserve Price:₹4,50,00,000
EMD:₹45,00,000
Bid Increment:₹1,00,000
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
This offering features a valuable Land and Building asset located in Bhubaneswar, Odisha. The property is part of a SARFAESI auction conducted by the State Bank of India, presenting a unique opportunity for acquisition. Suitable for residential purposes, this asset is situated in a prime area of Bhubaneswar.
State:Odisha
City:Bhubaneswar
Area:Bhubaneswar
Asset Category:Residential
Full Address:Kapil Prasad, ROR Khata No.: 884/584, Plot No.: 1134/3195, Area: Ac.0.102Dec. & ROR Khata No.: 884/585, Plot No.: 1128/3191, Area: Ac.0.040Dec., Kapil Prasad, Bhubaneswar
Size:0.102 Ac.Dec.
Auction Description
State Bank of India presents a SARFAESI auction for a Land and Building property in Bhubaneswar, Odisha. 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 for this residential asset is ₹4,50,00,000, with an Earnest Money Deposit (EMD) of ₹45,00,000 required. This auction provides a chance to acquire property previously mortgaged by Sri Rohit Kumar Mallick.
Borrower Name:Sri Rohit Kumar Mallick
Auction Type:SARFAESI Auction
Guarantor Names:Sri Nishakar Mallick, Smt. Laxmipriya Mallick
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a Land and Building situated in Bhubaneswar, a developing city. The reserve price seems reasonable, making it a potentially good investment for development or long-term appreciation. The location and clear auction terms contribute to a 'Strong Buy' recommendation.
Contact Details
Branch:Branch Office : Stressed Assets Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Jayant Kumar Sahoo
Contact no:9442857514
