Land for Auction Gadakana Bhubaneswar 42 Lakh by Union Bank of India 25 Jun 2026
Gadakana, Bhubaneswar
Area: 6534.0 sq. ft.
Plot No.: 1134, Mouza: Gadakana, Dist. Khurda, Bhubaneswar, Odisha
Union Bank of India · REGIONAL OFFICE: BHUBANESWAR
Reserve price
₹42,00,000
EMD ₹4,20,000
Auction date
25 Jun 2026, 12:00 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 6534.0 sq. ft.
- ▸Locality: Gadakana
- ▸Reserve: ₹42,00,000
- ▸EMD: ₹4,20,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Gadakana |
| Built-up / plot area | 6534.0 sq. ft. |
| Lender | Union Bank of India |
| Branch | REGIONAL OFFICE: BHUBANESWAR |
| Unit / flat no. | Plot No.: 1134, Corresponding Plot No.: 3921/10269 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹42,000 |
| Service provider | BAANKNET |
About this property
Land bank auction in Gadakana, Bhubaneswar by Union Bank of India — reserve price ₹42,00,000, 6534.0 sq. ft., Physical possession.
Discover a unique bank auction opportunity for a vacant land plot located in the developing area of Gadakana, Bhubaneswar, Odisha. This land parcel, identified as Plot No. 1134, spans approximately 6534 sq. ft. and is available with physical possession. Offered by Union Bank of India, this property is part of an e-auction with a reserve price of ₹42,00,000 and an EMD of ₹4,20,000. The e-auction is scheduled for June 25, 2026, from 12:00 PM to 05:00 PM. Property inspection is available until June 24, 2026. Please note, this property is explicitly described as landlocked and not connected to any road, a crucial detail for potential investors. Ideal for those seeking affordable land in Bhubaneswar with plans for access development.
GeoSquare note: The property is a vacant land parcel with physical possession in Gadakana, Bhubaneswar. While the location in a developing city is a positive, the significant drawback is that it is explicitly stated to be 'landlocked and not connected to any road'. This severely impacts its usability and potential for development, making it a risky investment despite the physical possession. The reserve price of ₹42,00,000 for approximately 6534 sq ft (₹642/sqft) might be high given the lack of access.
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