Property for Auction in Ainthapali, Sambalpur, Odisha
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610581
Bank Name:Punjab National Bank
Branch Name:CIRCLE OFFICE-CUTTACK
Reserve Price:₹24,07,000
EMD:₹2,40,700
Bid Increment:₹25,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Submission Date:2025-11-26
Bid Start Date:2025-11-26
This is a commercial office space located in Ainthapali, Sambalpur, Odisha. The property is being auctioned by Punjab National Bank. It is an asset under the SARFAESI Act, previously belonging to M/s. TKP Projects Pvt. Ltd. The property offers a prime commercial location within Sambalpur, suitable for various business ventures. The area is well-connected and presents an excellent opportunity for investors or businesses seeking a physical presence in this developing region. Don't miss this chance to acquire a commercial asset in a strategic location.
State:Odisha
City:Sambalpur
Area:Ainthapali
Asset Category:Commercial
Full Address:TO-8, Varun Plaza, Varun Plaza, Ainthapali, Sambalpur, Odisha, PIN-768004, Ainthapali, Sambalpur
Building/Society:Varun Plaza
Size:1244 Sqft
Punjab National Bank is conducting a SARFAESI auction for a commercial office property in Ainthapali, Sambalpur, Odisha. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this valuable commercial asset is INR 24,07,000, with an Earnest Money Deposit (EMD) of INR 2,40,700 required to participate. This is a significant opportunity to acquire commercial real estate through a transparent auction process. Prospective bidders are encouraged to review all auction terms and conditions prior to the bidding period.
Borrower Name:M/s. TKP Projects Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Tapan Kumar Panda, Mr. Arun Kumar Panda, Mrs. Gouri Panda, Mrs. Saraswati Panda
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
This commercial office in Sambalpur presents a calculated investment opportunity. Located in Ainthapali, the property offers a decent size and strategic location, the reserve price appears reasonable. However, prospective buyers should thoroughly assess the market and conduct due diligence.
Branch:Branch Office : CIRCLE OFFICE-CUTTACK
Service Provider:BAANKNET
Contact Details:
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