Soro Factory Auction: Industrial Plot with Factory Building – Reserve ₹17.54 Lakh (7 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364917
Property Description
Here is a fresh bank e-auction worth tracking: the Soro factory auction, offered by Canara Bank at a reserve of ₹17.54 Lakh. On offer is a industrial plot with factory building in Soro, Baleswar (PIN 756045). The online auction runs on 7 October 2026 (10:30 AM to 11:30 AM) with a reserve price of ₹17,54,000.
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.
Table of Contents
Table of Contents
Soro Factory Auction: Key Highlights
- Reserve price: ₹17,54,000 (₹17.54 Lakh)
- EMD: ₹1,75,400
- Bid increment: ₹10,000
- Auction: 7 October 2026, 10:30 AM to 11:30 AM
- Last date for EMD: 6 October 2026, 5:00 PM
- Location: Soro, Baleswar, Odisha
- Possession: Symbolic
Soro Factory Auction – Complete Details
| Auction ID | 364917 |
| Bank property ID | CNRB3071915992 |
| Bank | Canara Bank |
| Branch | Specialised Arm Branch, Cuttack |
| Property type | Industrial – Industrial Plot with Factory Building |
| Locality | Angula Balasore |
| City / District | Soro, Baleswar |
| State | Odisha |
| PIN code | 756045 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹17,54,000 |
| EMD | ₹1,75,400 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Soro
The property is located in Soro, Baleswar district, Odisha (PIN 756045). Odisha’s market is led by Bhubaneswar, Cuttack and Rourkela, with mining, steel and port projects supporting long-term growth. The handling branch is Specialised Arm Branch, Cuttack, which is usually the best contact for site visits and local queries.
Is the Soro Factory Auction Worth It?
The EMD of ₹1,75,400 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Soro Factory Auction
- Inspection window: 25 September 2026, 11:00 PM to 6 October 2026, 4:00 PM
- EMD submission opens: 24 September 2026
- Last date for EMD: 6 October 2026, 5:00 PM
- E-auction: 7 October 2026, 10:30 AM to 11:30 AM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 364917 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 7077720530.
- Pay the EMD of ₹1,75,400 through the BAANKNET wallet before 6 October 2026, 5:00 PM.
- Log in on 7 October 2026 and bid above the reserve in steps of ₹10,000; 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
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Soro Factory Auction: FAQs
What is the reserve price in the Soro factory auction?
The reserve price is ₹17,54,000. Bids below the reserve price are not accepted.
When is the Soro factory auction scheduled?
The e-auction is on 7 October 2026 from 10:30 AM to 11:30 AM. The last date for EMD is 6 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,75,400. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Soro, Baleswar, Odisha – 756045.
Where can I see the official sale notice?
Search Auction ID 364917 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Odisha Auctions
- All Canara Bank auction listings
- More factory auctions
- Bank auctions in Odisha
- Guide: finance options for commercial auctions
Source: Auction ID 364917 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Location | Soro, Baleswar, Baleswar, Odisha |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 24 Sep 2026Auction Notice Published
- 25 Sep 2026Inspection Starts
- 6 Oct 2026Inspection Ends
- 6 Oct 2026Last Date for EMD Submission
- 7 Oct 2026, 10:30 AM to 11:30 AMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.