Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612194
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹25,20,000
EMD:₹2,52,000
Auction Time:10:30 a.m. to 11.30 a.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Katipalla, Mangalore, Karnataka. The property is being auctioned by Canara Bank under SARFAESI regulations. It represents an opportunity to acquire a home in a well-known area of Mangalore.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:103, Nafeesa Enclave Apartment, Katipala 2nd Block Cross Road, Second Block, Katipalla Village and post, Mangaluru-575030, Katipalla, Mangalore
Building/Society:Nafeesa Enclave Apartment
Size:1019.64 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Katipalla, Mangalore. The auction will take place on November 19, 2025, from 10:30 AM to 11:30 AM. The reserve price for this auction is INR 25,20,000, with an Earnest Money Deposit (EMD) of INR 2,52,000. This is a prime opportunity for interested buyers to bid on this property.
Borrower Name:Mr. Mahammad Saifulla
Auction Type:SARFAESI Auction
Guarantor Names:Mr. T Moidinabba
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable size and is located in Katipalla, Mangalore. Given the reserve price and the auction terms, it presents a calculated investment opportunity, particularly for those familiar with the local market.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7046612345
