Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609030
Bank Name:Union Bank of India
Branch Name:Regional Office
Reserve Price:₹74,35,800
EMD:₹7,43,580
Bid Increment:₹74,358
Auction Time:12:00 Noon to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:05-12-2025 12:00 PM
Bid Start Date:2025-12-05
Property Description
A prime piece of land with an existing building located in Gharabari, Bhubaneswar, Odisha. This residential asset offers a significant opportunity in a developing area. The property is being auctioned by Union Bank of India as part of a SARFAESI action. Ideal for investment or personal use, it represents a chance to acquire real estate in a well-connected part of Bhubaneswar. The borrower is Mr Anil Kumar Agarwal.
State:Odisha
City:Bhubaneswar
Area:Gharabari
Asset Category:Residential
Full Address:508/1518, Khata No.: 458/269, Plot No: 508/1518, Nijigada Jami, Bhubaneswar
Size:0.085 dec.
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a residential land and building property in Gharabari, Bhubaneswar, Odisha. The auction will commence on December 5, 2025, at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price is set at ₹74,35,000, with an Earnest Money Deposit (EMD) of ₹7,43,500 required to participate. This is a unique opportunity to bid on a valuable asset in Bhubaneswar.
Borrower Name:Mr Anil Kumar Agarwal
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a good opportunity due to its location and residential nature. The reserve price appears reasonable for the area, and with proper due diligence, this auction can present a valuable investment, but the limited information makes it a calculated risk.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
