Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612914
Bank Name:Bank of India
Branch Name:Zonal Office: Bhubaneswar Zone
Reserve Price:₹1,46,07,000
EMD:₹14,60,700
Bid Increment:₹50,000
Auction Time:11.00 A.M. to 5.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-09
Property Description
This is a bank auction for a parcel of land located in Krushnaprasad, Puri, Odisha. The property is identified as a residential asset under the SARFAESI Act. It is being auctioned by the Bank of India and was previously associated with M/s. Tapaswini Food Products. This is an excellent opportunity to acquire land in a developing area of Puri.
State:Odisha
City:Puri
Area:Krushnaprasad
Asset Category:Residential
Full Address:At: Gilinasi, PO.: Siala, Krushnaprasad, Dist.: Puri, Odisha, Address-2: At, Plot No.: 1890, Sriram Nagar, Old Town, Bhubaneswar, Odisha, Krushnaprasad, Puri
Size:4.100 Dec
Auction Description
Bank of India is conducting a SARFAESI auction for a land parcel in Krushnaprasad, Puri, Odisha. The auction will take place on December 9, 2025, from 11:00 AM to 5:00 PM. The reserve price for this property is ₹1,46,07,000, with an Earnest Money Deposit (EMD) of ₹14,60,700 required to participate. This is a sealed bid auction.
Borrower Name:M/s. Tapaswini Food Products
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Lalit Mohan Pradhan, Mrs. Tapaswini Parida
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building suitable for industrial purposes, located in Krushnaprasad, Odisha. The reserve price and EMD are considerable, suggesting a potentially high-value asset. However, prospective buyers should conduct a thorough due diligence to assess the property's true value and potential risks.
Contact Details
Branch:Branch Office : Zonal Office: Bhubaneswar Zone
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7978330922
