17,424 sq feet Commercial Building for Auction in Choudwar, Cuttack – Indian Bank

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

17,424 sq feet (≈ 17,424 sq ft)

Reserve price / sq ft

₹3,676

Locality

Choudwar

City

Cuttack

State

Odisha

Pincode

754021

Address

Choudwar, Odisha, 754021 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

CUTTACK JAGATPUR - 5883

Auction type

SARFAESI Auction

Borrower

M/S L N I** M***

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 05:00 PM

EMD submission deadline

08 Oct 2026, 11:00 PM

Inspection

01 Oct 2026, 11:00 AM – 08 Oct 2026, 04:00 PM

Authorised officer

ANIL KUMAR PATTNAIK

Officer contact

8961822449

E-auction portal

BAANKNET (Property ID IDIB11163305835D)

Price Check

This listing's reserve price works out to ₹3,676 per sq ft. The average across commercial bank auctions in Cuttack on our site is ₹1,575 per sq ft, so this one is 133% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 1 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB11163305835D)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 08 Oct 2026, 11:00 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.