3,659.04 sq feet House for Auction in Malkangiri – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

3,659.04 sq feet (≈ 3,659 sq ft)

Reserve price / sq ft

₹1,328

Locality

—

City

Malkangiri

State

Odisha

Pincode

764045

Address

Malkangiri, Odisha, 764045 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

MALKANGIRI - 3194

Auction type

SARFAESI Auction

Borrower

M/S R***** V***** S**** P**** Mr. H***** S*****

Auction start

29 Sep 2026, 11:00 AM

Auction end

29 Sep 2026, 05:00 PM

EMD submission deadline

28 Sep 2026, 11:00 PM

Inspection

11 Sep 2026, 10:00 AM – 26 Sep 2026, 04:00 PM

Authorised officer

B SANTOSH KUMAR

Officer contact

8349616900

E-auction portal

BAANKNET (Property ID IDIB6865835251)

Price Check

This listing's reserve price works out to ₹1,328 per sq ft. The average across residential bank auctions in Malkangiri on our site is ₹873 per sq ft, so this one is 52% 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 11 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB6865835251)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 28 Sep 2026, 11:00 PM. It is refunded if you don't win.
5. Bid online on 29 Sep 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.