Commercial Property for Auction Siddapur Village Siddapur Grama Panchayath Area Udupi 2.4 Crore by Canara Bank 30 Jun 2026
Siddapur Village, Siddapur Grama Panchayath area, Udupi
Area: 1.10 acres (Non-Agricultural)
S.No/S.D.No. 110/1P2, Siddapur Village, Siddapur Grama Panchayath, Kundapura Taluk, Udupi District, Karnataka.
Canara Bank · ARM Branch Manipal
Reserve price
₹2,41,00,000
EMD ₹24,10,000
Auction date
30 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Physical
- ▸Area: 1.10 acres (Non-Agricultural)
- ▸Locality: Siddapur Village, Siddapur Grama Panchayath area
- ▸Reserve: ₹2,41,00,000
- ▸EMD: ₹24,10,000
Auction snapshot
| Possession | Physical |
| Property type | Commercial Property · Commercial |
| Locality | Siddapur Village, Siddapur Grama Panchayath area |
| Built-up / plot area | 1.10 acres (Non-Agricultural) |
| Lender | Canara Bank |
| Branch | ARM Branch Manipal |
| Unit / flat no. | S.No/S.D.No. 110/1P2 |
| Building / society | Factory building of M/s Lakshmee Cashews |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Commercial Property bank auction in Siddapur Village, Siddapur Grama Panchayath area, Udupi by Canara Bank — reserve price ₹2,41,00,000, 1.10 acres (Non-Agricultural), Physical possession.
Discover a prime bank auction property by Canara Bank, ARM Branch Manipal, featuring a substantial 1.10-acre non-agricultural industrial land parcel complete with a factory building and associated plant & machinery (Property No. 3 & 4 sold together). Located at S.No/S.D.No. 110/1P2, Siddapur Village, Kundapura Taluk, Udupi District, Karnataka, this industrial asset offers significant potential for growth and investment. The e-auction is scheduled for June 30, 2026, from 11:00 AM to 12:00 PM, with a competitive reserve price of ₹2,41,00,000 and an EMD of ₹2,410,000. Physical possession has been secured by the bank, and any encumbrances are 'Not to the knowledge of the Bank'. This 'as is where is' sale provides an excellent opportunity for industrial expansion or strategic investment in the Kundapura region. Ensure EMD submission by June 29, 2026.
GeoSquare note: This industrial property, encompassing 1.10 acres with a factory building and machinery, represents a strong asset for industrial ventures or investment. Its location in Siddapur Village, Kundapura Taluk, Udupi District, Karnataka, provides potential for industrial development. With physical possession taken by the bank and no known encumbrances, it offers a relatively low-risk acquisition. The combined value of land, building, and machinery at the reserve price makes it an attractive proposition.
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