Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612910
Bank Name:Bank of India
Branch Name:Zonal Office: Bhubaneswar Zone
Reserve Price:₹9,69,000
EMD:₹96,900
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 bank auction of a land and building asset located in Raibarai, Jagatsinghpur, Odisha. The property is categorized as residential. The borrower is Mrs. Namita Das. This is a SARFAESI auction conducted by the Bank of India.
State:Odisha
City:Jagatsinghpur
Area:Raibarai
Asset Category:Residential
Full Address:1272, Raibarai, Jagatsinghpur, Raibarai, Jagatsinghpur
Size:4791.6 Sqft
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential land and building property in Raibarai, Jagatsinghpur. The reserve price is ₹9,69,000 and the Earnest Money Deposit (EMD) is ₹96,900. The auction will take place on December 9, 2025, starting at 11:00 AM and ending at 5:00 PM.
Borrower Name:Mrs. Namita Das
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Santosh Kumar Das
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Raibarai, Jagatsinghpur, presents a calculated opportunity due to its land and building designation and relatively low reserve price. While the location might not be prime, the auction terms and price point could attract local investors. Further due diligence is recommended to assess the property's market value and potential for appreciation.
Contact Details
Branch:Branch Office : Zonal Office: Bhubaneswar Zone
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no: —
