Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613915
Bank Name:UCO Bank
Branch Name:Zonal Office
Reserve Price:₹60,37,000
EMD:₹6,03,700
Bid Increment:₹10,000
Auction Time:11.00 Α.Μ. to 5.00 P.M. (With Unlimited Extension of 10 minutes each)
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This auction features a residential plot located in Mouza: Makundapur, Jagatsinghpur, Odisha. The property is being auctioned by UCO Bank under the SARFAESI Act. It is a vacant plot suitable for residential development. The location offers a peaceful environment within the Jagatsinghpur district. This is a prime opportunity to acquire land in a developing area of Odisha. The plot is offered without any reserve price mentioned separately from the earnest money deposit.
State:Odisha
City:Jagatsinghpur
Area:Mouza: Makundapur
Asset Category:Residential
Full Address:Mouza: Makundapur, Thana/Tahasil/Dist.: Jagatsinghpur, Khata No.: 828, Plot No.: 2001 & 2002, Makundapur, Jagatsinghpur
Size:0.38 Dec.
Auction Description
UCO Bank presents a SARFAESI auction for a residential plot in Makundapur, Jagatsinghpur, Odisha. The auction is scheduled to commence on November 28, 2025, at 11:00 AM and will conclude on the same day at 05:00 PM. The earnest money deposit (EMD) required is INR 603,700.0, indicating a significant opportunity for investors and potential homeowners. This online auction provides a transparent platform for bidding on the property, previously belonging to Mrs. Minati Rout. Prospective bidders are advised to review all auction terms and conditions provided by UCO Bank.
Borrower Name:Mrs. Minati Rout
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Bishnu Charan Rout
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity given its location and land type, but requires careful evaluation due to the symbolic possession status. The reserve price seems aligned with similar properties in the area, making it a calculated investment, contingent on thorough due diligence.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
