Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612168
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CUTTACK
Reserve Price:₹22,77,000
EMD:₹2,22,700
Bid Increment:₹50,000
Auction Time:11.00 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This auction features a valuable Land and Building property located in Simulia, Balasore, Odisha. Suitable for residential purposes, this asset is being auctioned by Indian Bank under the SARFAESI Act. The property is situated in a developing area, offering potential for future growth. Don't miss this opportunity to acquire a property in Balasore.
State:Odisha
City:Balasore
Area:Simulia
Asset Category:Residential
Full Address:Plot No.: 212/325, Khata No.: 84/67, Area: Ac.0.160 Dec., Mouza: Gauragadi, Via: Renital, Tahasil: Simulia, Dist.: Balasore, Simulia, Balasore
Size:0.160 Dec.
Auction Description
Indian Bank is conducting a SARFAESI auction for a Land and Building asset in Simulia, Balasore. The auction will take place on November 19, 2025, starting at 11:00 AM and ending at 05:00 PM. The reserve price for this property is INR 22,77,000, with an Earnest Money Deposit (EMD) of INR 2,22,700 required. This is a great chance to bid on a residential property through a secured bank auction.
Borrower Name:M/s. Das PVC Ball and Das Plastic
Auction Type:SARFAESI Auction
Guarantor Names:Shri Rama Kanta Das, Shri Uma Kanta Das, Shri Arun Das, Rebati Das, Smt. Jenamani Das
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property in Simulia, Balasore, presents a calculated opportunity due to its land and building classification at a reasonable reserve price. The location is developing, potentially offering future appreciation. Auction terms are standard, making it a balanced risk-reward proposition.
Contact Details
Branch:Branch Office : ZONAL OFFICE, CUTTACK
Service Provider:BAANKNET
Contact Details:
Contact no: —
