Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611579
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹23,50,000
EMD:₹2,35,000
Auction Time:11:30am To 12:30am
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2023-12-12
Property Description
This residential property is a flat located in Sagar Taluk, Shivamogga, Karnataka. It is being auctioned by Canara Bank under SARFAESI rules. The property was originally owned by Sri Seetharamappa.
State:Karnataka
City:Shivamogga
Area:Sagar Taluk
Asset Category:Residential
Full Address:Sy No 25 fo Balebailu Village, E-swathu No 152400301900420005, Assessment No 179 Situated in Balebailu Village, Hosuru Grama Panchayath, Balebailu Village, Shivamogga
Size:167.23 sq. mtr
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Sagar Taluk, Shivamogga, Karnataka. The auction will take place on 20-11-2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this auction is INR 23,50,000, and the Earnest Money Deposit (EMD) required is INR 2,35,000.
Borrower Name:Sri Seetharamappa
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in a developing area and relatively affordable reserve price. While the location may not be prime, the residential flat could offer decent returns for investors or homeowners willing to invest in a growing area. The auction terms appear standard, warranting a careful assessment of local market conditions.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Authorised Officer
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