Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612200
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. Ideal for individuals or families seeking a home in a well-connected locality. Further details regarding the specific amenities and dimensions of the flat are available upon request.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:No.203, Nafeesa Enclave Apartment, Katipala 2nd Block Cross Road, Second Block, Katipalla Village and post, Mangaluru-575030, Katipalla, Mangaluru
Building/Society:Nafeesa Enclave Apartment
Size:1019.64 sq.ft
Auction Description
Canara Bank presents a SARFAESI auction for a residential flat in Katipalla, Mangalore. The auction will commence on November 19, 2025, at 10:30 AM and conclude at 11:30 AM on the same day. The reserve price is set at INR 25,20,000, with an Earnest Money Deposit (EMD) of INR 2,52,000 required. This is a prime opportunity to acquire a property through a transparent auction process.
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
Located in Katipalla, Mangalore, this residential flat offered in bank auction presents a strong investment opportunity. The reserve price of ₹25,20,000 for a 1019.64 sq.ft flat with car parking is competitively priced. Given the location and property type, it's a worthwhile investment with good potential for appreciation.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7046612345
