Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613058
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹20,47,000
EMD:₹2,04,700
Bid Increment:₹50,000
Auction Time:1:00 PM to 3:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a residential flat located in Anekal, Bengaluru, Karnataka, offered for sale by Canara Bank through a SARFAESI auction. The property is part of the estate of the borrower, M/s Sai Akshaya Electrical. This is an excellent opportunity to acquire a property in a developing area of Bengaluru.
State:Karnataka
City:Bengaluru
Area:Anekal
Asset Category:Residential
Full Address:C-404, Garden Residency, Apartment building known as Garden Residency, Kanchanayakana-halli, Jigani Hobali, Anekal taluk, Anekal, Bengaluru
Building/Society:Garden Residency
Size:1089 Sq.ft.
Auction Description
Canara Bank is conducting an e-auction for a residential flat in Anekal, Bengaluru, under the SARFAESI Act. The auction will commence on November 27, 2025, at 01:00 PM and conclude on the same day at 03:00 PM. The reserve price for this property is INR 20,47,000, with an Earnest Money Deposit (EMD) of INR 2,04,700 required to participate. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.
Borrower Name:M/s Sai Akshaya Electrical
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Anand Raj
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The property is a residential flat located in Anekal, Bengaluru, with a reasonable reserve price. However, the location may be further from the city center, and the auction terms need careful review. It's a calculated risk with moderate potential.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9113092975
