Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:609291
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹83,80,000
EMD:₹8,38,000
Bid Increment:₹1,00,000
Auction Time:01:00 pm to 03:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-04
Bid Start Date:2025-12-05
Property Description
This is a residential flat located in Anekal, Bengaluru, Karnataka. The property is being auctioned by Canara Bank under SARFAESI Act due to loan default by the borrower, Mr. Inayatullah Abdurahman ASKARI. It offers an excellent opportunity for homebuyers or investors seeking property in a developing area of Bengaluru. The flat is part of a residential complex and is expected to be sold on an as-is-where-is basis.
State:Karnataka
City:Bengaluru
Area:Anekal
Asset Category:Residential
Full Address:FFB, S2-HOMES-THE WATER GROVE, FFB, Fourth Floor "C" Block S2-HOMES-THE WATER GROVE apartment, Kammasandra Village, Attebele Hobli, Anekal, Bengaluru
Building/Society:S2-HOMES-THE WATER GROVE
Size:2106 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Anekal, Bengaluru. The auction will commence on December 5, 2025, at 1:00 PM and conclude at 3:00 PM on the same day. The reserve price for this property is ₹83,80,000, with an Earnest Money Deposit (EMD) of ₹8,38,000 required to participate. This is a timed online auction, and interested bidders must ensure they have completed all necessary pre-auction formalities. The property will be sold to the highest bidder above the reserve price.
Borrower Name:Mr. Inayatullah Abdurahman ASKARI
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Inayatullah, M/s S2 Homes, Mr Vikas B Kukreja, M/s S2 Homes, Mr. Chethan Kumar, Mr. Syed Mohsin Bafaque, Mr. Syed Mohsin Bafaque, Mrs. Mahjabeen Sayed Mohsin
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing locality of Bengaluru, offered at a reasonable reserve price. The 'Strong Buy' recommendation is based on the potential for appreciation and rental income, making it a favorable investment opportunity considering the bank auction terms.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:9113092975
