Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:608990
Bank Name:Union Bank of India
Branch Name:RAJESWARI NAGAR BRANCH
Reserve Price:₹18,85,000
EMD:₹1,88,500
Auction Time:11:00 a.m. to 5:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a residential flat located in Bengaluru, Karnataka, being auctioned by Union Bank of India under SARFAESI rules. The property is associated with borrower Mr. Raghavendra GS. The auction presents an opportunity to acquire a flat in the bustling city of Bengaluru.
State:Karnataka
City:Bengaluru
Area:Bengaluru
Asset Category:Residential
Full Address:101, SLV Sarovara, Site No 63 & 64, Katha No 6375/660/63 and 6376/660/64 formed in (Sy no 285/2) in the layout known as Madhumitr Phase 2 in the land bearing Sy No 285/1, 285/2,286,288/1,288/2,288/3,297,298/1,298/2,299,306/3A and 306/3B, Jigani, Bangalore
Building/Society:SLV Sarovara
Size:675 sq ft
Auction Description
Union Bank of India is conducting a SARFAESI auction for a residential flat in Bengaluru, Karnataka. The auction has a reserve price of INR 18,85,000 and requires an EMD of INR 1,88,500. The auction will take place on November 28, 2025, starting at 11:00 AM and concluding at 5:00 PM. Interested bidders should review all auction terms and conditions.
Borrower Name:Mr. Raghavendra GS
Auction Type:SARFAESI Auction
Guarantor Names:Mrs Padmavathi, Mrs Sarasvathi Raghavendra
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Jigani, Bengaluru, this residential flat presents a calculated opportunity for buyers. The reserve price is reasonable, but potential investors should consider the locality's growth prospects and conduct thorough due diligence. The relatively small size of the flat may limit its appeal to some buyers.
Contact Details
Branch:Branch Office : RAJESWARI NAGAR BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:9988506446
