Land for auction 2663 Nabaghanpur, Tehsil: Nayagarh, Nayagarh by BOI

Discover the potential of this residential plot located in Nabaghanpur, Nayagarh, Odisha, a region poised for growth. This parcel of land, measuring approximately 3484.8 square feet (0.08 decimals) under Plot No: 203/2663 and Khata No. 247/246, presents an excellent canvas for building your dream home or for a strategic real estate investment. Situated within the district of Nayagarh, this property benefits from its developing surroundings and accessibility. The location in Nabaghanpur offers a blend of tranquility and proximity to essential amenities, making it an attractive proposition for prospective homeowners and investors alike. The property is categorized as residential and is part of an auction being conducted by Union Bank of India, specifically through their Asset Recovery Branch. This is an ideal opportunity for first-time buyers looking to enter the property market through a transparent and regulated auction process.

This upcoming SARFAESI auction, presented by Union Bank of India, offers a prime opportunity to acquire a residential plot of land in Nabaghanpur, Nayagarh, Odisha. The auction is scheduled to take place on February 14, 2025, with bidding open from 12:00 PM to 5:00 PM. The property, identified as Plot No: 203/2663, spans approximately 3484.8 Sqft (0.08 decimals), within Khata No. 247/246. This land represents a significant investment potential in a developing area of Nayagarh. For those new to bank auctions, understanding the process is key. A refundable Earnest Money Deposit (EMD) of ₹50,000 is required to participate, ensuring serious bidders. The reserve price for this valuable asset is set at ₹500,000. Interested parties are advised to review all terms and conditions thoroughly before the application submission deadline on February 13, 2025. For further inquiries, the contact numbers provided are 9900628137 and 8904472051.