Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611483
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹53,00,000
EMD:₹5,30,000
Bid Increment:₹50,000
Auction Time:11.00am to 4.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a residential flat located in the bustling city of Bengaluru, Karnataka. The property is being auctioned by the State Bank of India under the SARFAESI Act. It presents a great opportunity for homebuyers and investors looking for a property in a prime urban location. Bengaluru is known for its vibrant culture, economic opportunities, and modern infrastructure, making this flat a desirable asset. The flat is categorized as residential, suitable for comfortable living.
State:Karnataka
City:Bengaluru
Area:Bengaluru
Asset Category:Residential
Full Address:TF-318, Sumukha Serenity, Residential apartment bearing No. TF-318, Begur Village, Begur Hobli, Bengaluru South Taluk, Bengaluru, Begur, Bengaluru
Building/Society:Sumukha Serenity
Size:1210 Sq feet
Auction Description
State Bank of India presents a SARFAESI auction for a residential flat in Bengaluru, Karnataka. The auction will commence on November 24, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is ₹53,00,000, with an Earnest Money Deposit (EMD) of ₹5,30,000 required to participate. This is a significant opportunity to acquire a property in Bengaluru through a transparent bank auction process. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:Shri Joel Paul Williams
Auction Type:SARFAESI Auction
Guarantor Names:Shri Gnanaytham
Legal Details
Possession Status:Physical
Encumbrance Details:To the best of knowledge of the Authorised Officer, there is no encumbrance on the said property.
Why This Property
The property, a flat in Bengaluru, presents a calculated opportunity due to its reasonable reserve price and established location. While the details need thorough verification, its residential nature and bank auction status suggest potential for value appreciation. Careful due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Shri Nagaraja Vaddigeri
Contact no:9448441455
