Canara Bank Non- Agricultural Land Auction in Ullal Village, Mangalore

Prospective property buyers will find an exceptional investment opportunity in this non-agricultural land, strategically located in Ullal Village, Mangalore, within the bustling limits of Ullal Town Panchayath, Karnataka. This prime parcel, offered by Canara Bank, is clearly defined by its survey numbers 77/4A1A(P) (specifically 77/4A1A-P1 with an extent of 0-03.90 AC converted) and 77/4B(P) (survey number 77/48 with an extent of 0-02.50 AC converted). Its designation as non-agricultural and non-residential makes it highly versatile, catering to a range of developmental possibilities from commercial ventures to other strategic non-residential projects. The location in Mangalore, a key economic hub in Karnataka, enhances its appeal, promising potential for significant appreciation and robust returns on investment. This asset represents a unique chance to acquire valuable land in a developing urban fringe, ideal for forward-thinking investors seeking to capitalize on regional growth.

Canara Bank invites interested buyers to participate in a crucial SARFAESI auction for this valuable property. The auction is scheduled to commence on March 20, 2025, at 11:30 AM, concluding promptly at 12:30 PM on the same day. The reserve price for this asset is set at Rs. 48,60,000.00, with a mandatory Earnest Money Deposit (EMD) of Rs. 4,86,000.00 required for participation. All applications for bidding must be submitted by March 19, 2025, 05:00 PM. This process, facilitated by service provider BAANKNET, adheres to strict banking regulations ensuring transparency and fairness. New buyers are strongly advised to conduct thorough due diligence, including property inspection and legal consultation, before bidding. For any queries or clarifications regarding the auction process or property details, please contact the Canara Bank Regional Office: Mangaluru via the provided numbers: 8291220220, 9880561635.