All auctions / Odisha / Banapur

FACTORY LAND AND BUILDING for sale in Banapur

Banapur, Khordha, Odisha – 752031

Indian Bank · COURTPETA - 2344

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Reserve price
₹2,90,00,000
EMD
₹29,00,000
Bid increment
₹50,000

This is the 3rd auction of this property. The reserve price is 10.8% lower than at the last auction (₹3,25,00,000 on 2 Sep 2026, 11:00 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property7 Oct 2026, 10:00 AM – 22 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by22 Oct 2026, 11:00 PM (EMD closes in 7 days)
  3. Auction23 Oct 2026, 11:00 AM – 5:00 PM · in 8 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
23 Oct 2026₹2,90,00,000-10.8%Upcoming
2 Sep 2026₹3,25,00,000-10.1%Closed
31 Jul 2026₹3,61,35,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹29,00,000
Rest of 25% when you win (same or next day)
₹43,50,000
Balance 75%, usually within 15 days
₹2,17,50,000
Stamp duty and registration (about 5–8%, varies by state)
₹14.50 L – ₹23.20 L

You may bid above the reserve in steps of ₹50,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Other · Others
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
All the Part and parcel of the Factory land and building including all Plant and machinery situated at Khata No-303, Plot No-162, Area- ac 0.025 dec, Khata No-285/5, Plot No-163, Area- Ac 0.265 dec, Khata No-306, Plot No-164, Area- Ac 0.190 dec, Khata No-305, Plot No-165, Area- Ac 0.194 dec, Khata No- 285/101, Plot No-166, Area- Ac 0.134 dec and Khata No- 285/109, Plot No-167/941, Area- Ac 0.094 dec, Total Area- Ac 0.902 dec, Mouza- Dumuraput Sasan, Ps/Tahasil- Banapur, Dist- Khurda, Owner- Mr. Jagannath Jena.
Borrower
M/S NARAYANI RICE MILL

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