Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613958
Bank Name:UCO Bank
Branch Name:Zonal Office
Reserve Price:₹6,12,000
EMD:₹61,200
Bid Increment:₹10,000
Auction Time:11.00 A.M. to 5.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2023-11-28
Property Description
A valuable residential plot located in the scenic Chilika region of Khurda, Odisha. This asset, categorized under residential, presents an excellent opportunity for development or personal use. The property is being auctioned by UCO Bank as part of a SARFAESI action.
State:Odisha
City:Khurda
Area:Chilika
Asset Category:Residential
Full Address:Mouza: Durgapur, P.S.: Banapur No.: 305, Tahasil: Chilika No.: 305, Dist.: Khurda, Khata No.: 113/30, Plot No.: 199, Area: Ac.0.010 Dec & Plot No.: 200, Area: Ac.0.039 Dec, Total Area: Ac.0.049 Dec, Chilika, Khurda
Size:0.049 Ac
Auction Description
UCO Bank is conducting a SARFAESI auction for a residential plot in Chilika, Khurda, Odisha. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this plot is ₹6,12,000, with an Earnest Money Deposit (EMD) of ₹61,200 required to participate. This is a direct opportunity from the bank, formerly belonging to borrower Mr. Ajay Paikray.
Borrower Name:Mr. Ajay Paikray
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Duryodhan Paikray
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a good opportunity due to its location and relatively low reserve price. However, further due diligence is recommended given the symbolic possession status and the need to investigate potential encumbrances. It's a calculated risk with the potential for a decent return.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
