Paradeep Shop Auction: Shops (1,120 sq ft) – Reserve ₹73.13 Lakh (30 Oct 2026)

The Paradeep shop auction listed by Bank of Maharashtra on the BAANKNET e-auction portal is one of the upcoming shop opportunities in Odisha. On offer is a shops in Paradeep, Jagatsinghpur (PIN 754141), with 1,120 sq ft built-up and 952 sq ft carpet area. The online auction runs on 30 October 2026 (1:00 PM to 5:00 PM) with a reserve price of ₹73,13,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Paradeep Shop Auction: Key Highlights

• Reserve price: ₹73,13,000 (₹73.13 Lakh)
• EMD: ₹7,31,300
• Bid increment: ₹50,000
• Auction: 30 October 2026, 1:00 PM to 5:00 PM
• Last date for EMD: 29 October 2026, 5:00 PM
• Location: Paradeep, Jagatsinghpur, Odisha
• Possession: Symbolic

Paradeep Shop Auction – Complete Details

Auction ID	367725
Bank property ID	MAHB1891AKS
Bank	Bank of Maharashtra
Branch	Paradip
Property type	Commercial – Shops
Built-up area	1,120 sq ft
Carpet area	952 sq ft
City / District	Paradeep, Jagatsinghpur
State	Odisha
PIN code	754141
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹73,13,000
EMD	₹7,31,300
Bid increment	₹50,000
Auto-extension	5 minutes per late bid

About the Location – Paradeep

This listing falls in Paradeep, Jagatsinghpur, Odisha, postal code 754141. Odisha’s market is led by Bhubaneswar, Cuttack and Rourkela, with mining, steel and port projects supporting long-term growth. The handling branch is Paradip, which is usually the best contact for site visits and local queries.

Is the Paradeep Shop Auction Worth It?

At the reserve price, the property works out to about ₹6,529 per sq ft of built-up area – compare this with recent resale rates in Paradeep before you bid. The EMD of ₹7,31,300 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Paradeep Shop Auction

• Inspection window: 14 October 2026, 1:00 PM to 24 October 2026, 5:00 PM
• EMD submission opens: 1 October 2026
• Last date for EMD: 29 October 2026, 5:00 PM
• E-auction: 30 October 2026, 1:00 PM to 5:00 PM
• Auto-extension: 5 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 367725 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8637283696.
4. Pay the EMD of ₹7,31,300 through the BAANKNET wallet before 29 October 2026, 5:00 PM.
5. Log in on 30 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 5 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Obtain the encumbrance certificate and verify the title.
• Check pending property tax, electricity and water dues.
• Confirm the possession status and whether the property is occupied.
• Verify the approved plan and the condition of the building.
• Read our commercial property auction guide before you bid.

Paradeep Shop Auction: FAQs

More BoM and Odisha Auctions

• All Bank of Maharashtra auction listings
• More shop auctions
• Bank auctions in Odisha
• Guide: buying bank auction shops and showrooms

Source: Auction ID 367725 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of Maharashtra before bidding.