Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612615
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹2,12,00,000
EMD:₹21,20,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
This is a SARFAESI auction by Indian Bank for a Residential Land and Building located in Aska, Ganjam, Odisha. The property is associated with M/s. Talent School. The auction presents an opportunity to acquire a significant asset in a well-known area.
State:Odisha
City:Ganjam
Area:Aska
Asset Category:Residential
Full Address:585, Khata No.: 263/170, Plot No.: 585, Mouza: Sandhinuapalli, Tahasil: Aska, Dist. Ganjam, Sandhinuapalli, Aska
Size:1.028 dec.
Auction Description
Indian Bank is conducting a SARFAESI auction for a Land and Building property in Aska, Ganjam, Odisha. The auction will take place on November 28, 2025, from 11:00 AM to 05:00 PM. The reserve price is set at INR 2,12,00,000, with an Earnest Money Deposit (EMD) of INR 21,20,000. This is a prime opportunity for interested buyers to participate in a bank auction.
Borrower Name:M/s. Talent School
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Surendra Nath Patra, Mr. Rabindra Patra, Mrs. Rajalaxmi Patra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Aska, Ganjam, presents a potential investment opportunity, particularly given its use as a school and hostel. However, the reserve price requires careful evaluation against market conditions. The auction terms, including the EMD and bid increment, warrant thorough consideration before participating.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:8144849810/8903010106&7076959027
