Office for auction Ainthapali Sambalpur 24 lakh Punjab National Bank

Property for Auction in Ainthapali, Sambalpur, Odisha

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
1244 Sqft
Reserve Price
24,07,000
Reserve Price
24,07,000
EMD Required
2,40,700
Property Specifications
Society/BuildingVarun Plaza
Size1244 Sqft
Unit No.TO-8
Floor3
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Office
Location IconLocation:
Ainthapali, Sambalpur
Auction Date IconAuction Date:
26-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:2025-11-26

Bid Start Date:2025-11-26

Property Description

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

Auction Description

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

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : CIRCLE OFFICE-CUTTACK

Service Provider:BAANKNET

Contact Details:

Contact no: —

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