Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:614228
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹90,00,000
EMD:₹9,00,000
Bid Increment:₹1,00,000
Auction Time:10:30 AM to 11:00 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a residential flat located in the prime area of H Siddaiah Road, Bengaluru, Karnataka. The property is being auctioned by Canara Bank under the SARFAESI Act. It offers a great opportunity for homeownership or investment in a well-established locality.
State:Karnataka
City:Bengaluru
Area:H Siddaiah Road
Asset Category:Residential
Full Address:106, GARDENIA RESIDENCY, GARDENIA RESIDENCY, 36 PID No.48-1-36, H Siddalah Road, Next to Urvashi Theatre, H Siddalah Road, Bengaluru
Building/Society:GARDENIA RESIDENCY
Size:337.50 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in H Siddaiah Road, Bengaluru. The auction has a reserve price of INR 9,000,000 and an Earnest Money Deposit (EMD) of INR 900,000. The auction will take place on November 25, 2025, with bidding open from 10:30 AM to 11:00 AM. This is a time-sensitive opportunity to acquire a property in a desirable location.
Borrower Name:Sri K Lokanath Naidu
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
Located in a well-known area of Bengaluru, this residential flat offers good investment potential. The reserve price is reasonable, and the auction terms seem standard. Given the property's location and type, it is a strong buy for investors or end-users.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:080-25310066
