Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609543
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE : BERHAMPUR
Reserve Price:₹25,57,000
EMD:₹2,55,700
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This SARFAESI auction presents a valuable opportunity to acquire a Land and Building property in Sarankul, Nayagarh, Odisha. The asset, categorized as Residential, is being auctioned by Indian Bank due to default by the borrower, Ms. Soudamini Behera. Located in the growing area of Sarankul, this property offers significant potential for residential use or development.
State:Odisha
City:Nayagarh
Area:Sarankul
Asset Category:Residential
Full Address:575/1598, Plot No.: 575/1598, Khata No.: 248/358, Mouza: Kakalama, Tahasil: Ranapur, No.-615, PS: Sarankula, Dist.: Nayagarh, Sarankula, Nayagarh
Size:0.13 dec.
Auction Description
Indian Bank is conducting a SARFAESI auction for a Land and Building property in Sarankul, Nayagarh, Odisha. The auction is scheduled for December 10, 2025, running from 11:00 AM to 5:00 PM. The reserve price is set at ₹25,57,000.00, with an Earnest Money Deposit (EMD) of ₹2,55,700.00 required to participate. This is a prime opportunity to invest in a residential property in a developing region of Odisha.
Borrower Name:Ms. Soudamini Behera
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Suresh Chandra Sitha, Mr. Sishir Kumar Sitha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a calculated opportunity due to its location in Sarankul and the nature of a land with a building. The reserve price seems reasonable, but prospective buyers should thoroughly inspect the property and verify legal aspects before bidding in the bank auction.
Contact Details
Branch:Branch Office : ZONAL OFFICE : BERHAMPUR
Service Provider:BAANKNET
Contact Details:
Contact no:8144849810&9993162629
