Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609906
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹4,38,300
EMD:₹43,830
Bid Increment:₹5,000
Auction Time:10:00 AM to 05:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This is a bank auction of a vehicle by the Bank of India in Bhubaneswar, Odisha. The property is listed under the borrower name Mrs Priyanka Priyadarshini Jena. As an asset category of Vehicle Auctions, the specific property type is a vehicle. The auction is conducted under the SARFAESI Act. Bidding will take place on 25-11-2025 between 10:00 AM and 05:00 PM.
State:Odisha
City:Bhubaneswar
Area:Bhubaneswar
Asset Category:Vehicle Auctions
Full Address:Parking Yard: M/s. City Investigation & Detective, At/Mouza: Sijua, Khata No.: 158/139, Plot No.: 394/605, Near King Club, PO: Patrapada, PS: Khandagiri, Khandagiri, Bhubaneswar
Auction Description
Bank of India is conducting a SARFAESI auction for a vehicle in Bhubaneswar, Odisha. The reserve price for this auction is ₹4,38,300.00, with an Earnest Money Deposit (EMD) of ₹43,830.00 required to participate. The auction will commence on November 25, 2025, at 10:00 AM and conclude at 05:00 PM on the same day. This is an excellent opportunity to acquire a vehicle through a secured bank auction process.
Borrower Name:Mrs Priyanka Priyadarshini Jena
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The auction of a relatively recent vehicle in a metro area like Bhubaneswar presents a moderate opportunity. The reserve price appears reasonable, but the vehicle's condition (sold 'as is') necessitates careful inspection. Consider if the cost of potential repairs aligns with the market value.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:Public Auction
Contact Details:
Mr. Rabindranath Behera
Contact no:7978330922
