Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609905
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹4,48,000
EMD:₹44,800
Bid Increment:₹5,000
Auction Time:10:00 A.M. to 5:00 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This listing is for a vehicle being auctioned by the Bank of India in Bhubaneswar, Odisha. The auction is conducted under the SARFAESI Act. The specific vehicle details are not provided in this summary but are available in the full auction notice. The auction is a fantastic opportunity for prospective buyers interested in acquiring a vehicle through a transparent bank sale process.
State:Odisha
City:Bhubaneswar
Area:Bhubaneswar
Asset Category:Vehicle Auctions
Full Address: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 holding a SARFAESI auction for a vehicle in Bhubaneswar, Odisha. The auction will commence on November 25, 2025, at 10:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is INR 4,48,000, with an Earnest Money Deposit (EMD) of INR 44,800 required to participate. This auction presents a chance to purchase a vehicle directly from the bank.
Borrower Name:Mr Satya Ranjan Pradhan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle auction presents a calculated opportunity due to the relatively low reserve price. However, potential bidders must consider the 'As Is Where Is' condition and conduct thorough inspections. The location in Bhubaneswar adds regional appeal, but vehicle auctions generally require due diligence.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:Public Auction
Contact Details:
Mr. Rabindranath Behera
Contact no:7978330922
