Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610582
Bank Name:Punjab National Bank
Branch Name:CIRCLE OFFICE-CUTTACK
Reserve Price:₹7,82,000
EMD:₹78,200
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 Khetrajpur, Sambalpur, Odisha. The property is being auctioned by Punjab National Bank. It offers a potential business opportunity in a developing area. The asset category is commercial, suitable for various business ventures.
State:Odisha
City:Sambalpur
Area:Khetrajpur
Asset Category:Commercial
Full Address:5, Shyam Arcade, Office Building Room no No.: 5, Block-F, 2nd Floor, Shyam Arcade, Khetrajpur, Sambalpur, PIN-768003, Khetrajpur, Sambalpur
Building/Society:Shyam Arcade
Size:195 Sqft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a commercial office property in Khetrajpur, 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 auction is ₹7,82,000, with an Earnest Money Deposit (EMD) of ₹78,200. This is a significant opportunity for investors and business owners looking to acquire commercial real estate.
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
The property is a small commercial office space in Sambalpur, offered at a reasonable reserve price. While the location may offer local business opportunities, the relatively small size and symbolic possession status suggest a 'Calculated Opportunity', requiring careful assessment of market demand and potential rental income.
Contact Details
Branch:Branch Office : CIRCLE OFFICE-CUTTACK
Service Provider:BAANKNET
Contact Details:
Contact no: —
