Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614724
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CUTTACK
Reserve Price:₹65,16,000
EMD:₹6,51,600
Bid Increment:₹50,000
Auction Time:11.00 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Cuttack, Odisha. The property is part of a SARFAESI auction conducted by Indian Bank. The plot is situated in the city of Cuttack and is an excellent opportunity for investment or development. Its specific location within Cuttack provides accessibility and potential for growth. The asset category is residential, making it suitable for building a home or for other residential purposes.
State:Odisha
City:Cuttack
Area:Cuttack
Asset Category:Residential
Full Address:824/1444, Plot No.: 824/1444, Khata No.: 14, Mouza: Cuttack Town Unit No.: 25, At: Jobra-1, Chunabhati Road, P.S.: Malgodown No.: 2, Tahasil: Cuttack No.: 238, Dist.: Cuttack, Odisha, Jobra-1, Cuttack
Size:0.040 Ac.Dec.
Auction Description
Indian Bank is holding a SARFAESI auction for a residential plot in Cuttack, Odisha. The auction is scheduled for November 25, 2025, with bidding starting at 11:00 AM and closing at 05:00 PM on the same day. The reserve price for this property is ₹65,16,000, and the Earnest Money Deposit (EMD) required is ₹6,51,600. This is a prime opportunity to acquire a plot in Cuttack through a transparent auction process managed by Indian Bank. The borrower for this auction is M/s. Bharat Transport and Minerals.
Borrower Name:M/s. Bharat Transport and Minerals
Auction Type:SARFAESI Auction
Guarantor Names:Mirza Affsar Ali Baig
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot's location in Cuttack presents a moderate investment opportunity. The reserve price is relatively high. Further due diligence is recommended to assess the long-term potential before bidding.
Contact Details
Branch:Branch Office : ZONAL OFFICE, CUTTACK
Service Provider:BAANKNET
Contact Details:
Contact no: —
