Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612238
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹25,33,500
EMD:₹2,53,350
Bid Increment:₹25,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This auction features a land and building property in Bhubaneswar, Odisha, classified under the residential asset category. The property is being auctioned by Indian Bank under the SARFAESI Act. Located in the city of Bhubaneswar, this is an opportunity to acquire real estate in a developing area.
State:Odisha
City:Bhubaneswar
Area:Bhubaneswar
Asset Category:Residential
Full Address:Khata No. 1061/163, Plot No. 3697/4224, Plot No. 3697/4223, Plot No.3689/4222, Mouza: Kulashree, Tahasil No.86, Niali, Kulashree, Bhubaneswar
Size:0.21 dec
Auction Description
Indian Bank is conducting a SARFAESI auction for a land and building property in Bhubaneswar, Odisha. The auction has a reserve price of INR 25,33,500 and requires an EMD of INR 2,53,350. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. This is a public auction for the property formerly associated with M/s Sonu Cement Supply Agency.
Borrower Name:M/s Sonu Cement Supply Agency
Auction Type:SARFAESI Auction
Guarantor Names:Mr Purna Chandra Mohanty, Mrs Kabita Mohanty
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known any
Why This Property
The property, a land and building in Bhubaneswar, presents a calculated opportunity due to its location and the potential for development. While the price is moderate, further due diligence is needed regarding the surrounding area and legal aspects. The auction terms are standard, making it a viable option for informed investors.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8291220220
