Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613095
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹30,50,000
EMD:₹3,05,000
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 for a residential land and building property located in Gajapati, Bhubaneswar, Odisha. The property is being auctioned by Indian Bank, with Mr. Isai Someswar Rao as the borrower. This is a prime opportunity to acquire a property in a well-known area of Bhubaneswar.
State:Odisha
City:Bhubaneswar
Area:Gajapati
Asset Category:Residential
Full Address:190, Khata No.: 131/580 (Old Khata No.: 151), Plot No.: 190, Mouza: Dinakrushnapur, Ward No.: 6, Seri Street, Northern Row, Tahasil: Parlakhemundi, No.-147, PS: Parlakhemundi, No.-147, Dist. Gajapati, Seri Street, Dinakrushnapur, Gajapati
Size:0.038 dec.
Auction Description
Indian Bank presents a SARFAESI auction for a land and building property in Gajapati, Bhubaneswar, Odisha. The auction will be conducted on 28-11-2025, starting at 11:00 AM and ending at 05:00 PM. The reserve price is set at 30,50,000 INR, with an Earnest Money Deposit (EMD) of 3,05,000 INR. This is a significant opportunity for interested buyers to participate in the bidding process.
Borrower Name:Mr. Isai Someswar Rao
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Mugada Surya Rao
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Gajapati and residential land and building type. The reserve price is relatively moderate, making it accessible to potential investors. However, further due diligence is recommended to assess the long-term value and growth potential in the area.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:8144849810
