Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612198
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
A residential flat located in Katipalla, Mangalore, Karnataka. This property is being auctioned by Canara Bank. Ideal for individuals or families seeking a home in a well-connected area of Mangalore.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:104, 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
This is a SARFAESI auction conducted by Canara Bank for a residential flat in Katipalla, Mangalore. The reserve price is ₹25,20,000, with an Earnest Money Deposit (EMD) of ₹2,52,000. The auction will take place on November 19, 2025, from 10:30 AM to 11:30 AM. Interested bidders should ensure they meet all auction requirements before participating.
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 is a residential flat in Mangalore, offered at a reasonable reserve price. While the location is not a prime metropolitan area, it presents a calculated opportunity for local investors or those seeking affordable housing. The auction terms are standard, warranting careful due diligence.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7046612345
